Gold remains above MA 200 H1

On Friday, the XAU/USD pair traded higher and closed the day in positive territory around $1,745. Today, gold was trading in the narrow range of $1,732-$1,744, staying close to Friday’s closing price. On the hourly chart, the XAU/USD is still trading above the Moving Average G1 (200) H1 ($1,728). On the four-hour chart, gold remains below the MA 200 H4 line. Based on the above, it is probably worth sticking to the north direction in trading and as long as the pair remains above MA 200 H1, it is necessary to look for entry points to purchase to create a correction. 

Resistance: $1755, $1775, $1788 Support Levels are at: $1719, $1700, $1687,

The main scenario of the couple’s promotion is to continue moving up to $1755 (max March 18). The alternative scenario is to set below MA 200 H1 with a later drop to $1,676 (minimum March 8).