Gold prices struggled to build on last week’s impressive gains. FXStreet’s Eren Sengezer reports that XAUUSD needs to pay $1,780 to move higher. 200-DAY SMA $1,800 IS SIGNIFICANT RESISTANCE “The Relative Strength Index (RSI) on the daily chart has declined modestly after rising above 70 earlier in the week, suggesting that the latest decline is more of a technical correction than the beginning of lowering.” „Positive is that the initial resistance is $1,780 (38.2% Fibonacci retracement of the March-November downtrend). If the daily close is above this level, XAUUSD is likely to face strong resistance at $1,800 ( 200-day SMA) before targeting. USD 1,830 (Fibonacci 50% retracement). „It seems that temporary support has been formed at $1750. If XAUUSD breaks below this level and starts using this level as resistance, it could extend its downward correction to $1720 (100-day SMA, Fibonacci 236. % retracement) and $1700 (psychological level, 20-day SMA).