Technical analysis
The EMA(50) and EMA(100) tend to cross, which may be suitable for opening trades
The MACD indicator is above 0 and is pointing up
The RSI is above 50.
What the possible outcomes are
The XAUUSD pair advanced the 1,800 price level and trades above it. Although, its next direction will depend on the U.S. CPI data due 12:30 GMT today. However, the current technical indicators refer to a possible uptrend potential.
If the price passes the initial resistance level of 1,819.03, it could test the next one at 1,835.61.
Alternatively, if the price reverses, then it could reach the first support level of 1,800.66. A pass below the first level can move bears lower toward 1,790.93.
Key levels
Support 1,800.66 1,790.93
Resistance 1,819.03 1,835.61
