Yesterday, the XAU/USD was trading higher and closed the day in positive territory near the price of $1838. Today, gold fell slightly, dropping to $1831. On the hourly chart, XAU/USD is still trading below the moving average MA (200) H1 ($1836). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the south direction in trading, and while the XAU/USD remains below MA 200 H1, it may be necessary to look for entry points to sell for the formation of a correction.
Resistances levels are at: $1853-57, $1867, $1878
Support levels are at: $1823, $1813-15, $1805
Probably, the main scenario is a continuation of the downward movement to $1823 (Jun 22 low).
Alternative scenario is consolidation above MA 200 H1 followed by a rise to $1878 (Jun 13 high).
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