Gold Price: Key levels to watch

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The Technical Confluence Detector shows that the Gold price grinds higher past $1,918-17 support confluence, comprising the previous daily low, Pivot Point One Month R3 and Pivot Point One-day S1.

Ahead of that, the Fibonacci 61.8% on one-week joins 10-DMA to offer immediate support to the XAU/USD around $1,927.

That said, the $1,900 round figure appears the likely target for the Gold bears once they manage to conquer the $1,917 support.

On the contrary, Pivot Point one-day R1, Fibonacci 38.2% on one-week and previous daily high challenges short-term Gold buyers around $1,937.

In a case where XAU/USD remains firmer past $1,937, Pivot Point one week R1 and Fibonacci 161.8% on one day could challenge the Gold buyers around $1,950 level.

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