Technical analysis
The price lies in between the EMA(50) and the EMA (100), closer to the latter
The MACD indicator line is above 0, pointing down
The RSI is above 50.
What the possible outcomes are
The U.S. dollar edged lower by early Monday. In the absence of any significant news, the technical indicators may push XAUUSD higher today.
If the price passes the initial resistance level of 1,783.02, it could test the next higher at 1,797.83.
Alternatively, if the price reverses, then it could reach the first support level of 1,764.68.
A pass below the first level can move the price up lower toward 1,756.63.
Key levels
Support 1,764.68 1,756.63
Resistance 1,783.02 1,797.83
