The Gold Price edges higher past the $1,970 support confluence comprising the Pivot Point one-day S1, one-month R1 and Fibonacci 23.6% on one-day.
That said, the upper band of the Bollinger on the daily formation joins the Fibonacci 61.8% on one-day to highlight $1,978 as the nearby key support.
It should be noted that the XAU/USD weakness past $1,970 will have an additional downside filter of around $1,965 comprising the Pivot Point one-day S2 and the 5-DMA before welcoming the bears.
Alternatively, Fibonacci 161.8% on one-day joins the upper band of the Bollinger on the four-hour play to highlight the $1,990 as an immediate resistance.
Following that, the Pivot Point one-week R2 can challenge the Gold buyers around $1,996 before directing them towards filling the upside gap to the $2,010 hurdle.
