- Sovereign bond yields bounce and play against gold.
- The dollar without major changes in a day of low volume.
- XAU/USD maintains limited sidetone at $1760.
The Prayed is trading in the $1753 area, virtually unchanged from Thursday’s close. In the Asian session, the price of the yellow metal reached $1,760, the highest in six days, but then fell back reaching $1,749.
The rebound in sovereign bond yields weakened gold. The 10-year Treasury bond stands at 3.70%while the German reference at 1.92% (up 3.85% on the day).
The dollar operates with mixed results in the market and without major changes. The DXY it rises 0.20% and operates at 105.85, still close to the November lows. The low volume favors runs in ranges.
Wall Street it was closed on Thursday and on Friday it will have a limited day. This implies that activity will return to normal only on Monday, which will favor limited movements. The economic calendar does not show more impact data for this week. It stands out in the one that comes the official US employment report.
Resistance at $1760
The XAU/USD stopped the advance in the area of $1760, which is the resistance to break to enable more rises, with the next resistance at $1766, followed by $1775. In the opposite direction, a drop below $1745 would point to further downside, exposing the next strong support at $1730.
technical levels
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
