XAUUSD rose to be again above its daily SMA50, while it's still underpinned over longer range by continued existence above its daily SMA100 and its daily SMA200.
XAUUSD could maintain existence above $1300 psychological level by forming a bottom at $1302.8 on last Mar. 1, after retreating from last Jan. 25 high at $1366.06.
XAUUSD is still bounded by trading between $1366.06$ and $1302.80 and it is now in the middle of this range on its fourth day of being below its daily Parabolic SAR (step 0.02, maximum 0.2) which is reading today $1353.36.
XAUUSD daily RSI-14 is referring now to existence inside its neutral area reading 52.861.
XAUUSD daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line inside its neutral territory at 52.916 leading to the upside its signal line which is lower in the same territory at 43.614.
Important levels: Daily SMA50 @ $1330, Daily SMA100 @ $1313 and Daily SMA200 @ $1295
The nearest S&R:
S1: $1302.80
S2: $1236.51
S3: $1204.74
R1: $1366.06
R2: $1375.20
R3: $1392.09
Have a good day
Kind Regards
Global Market Strategist of FX-Recommends
Walid Salah El Din