- Gold is failing to stay on positive ground.
- Slight drop in Treasury yields, dollar slightly bullish.
Gold is trading in slightly negative territory on Monday, showing no major changes in the return to business. The value of the area had risen in Asian hours to $ 1,811, the maximum in a week but could not be sustained and fell back to $ 1805, the new low of the day.
On Monday, price movements in the financial markets remain limited at the beginning of a limited week and with no data and impact events ahead.
Both most European markets and Wall Street futures show modest gains on average. With regard to Treasury bond yields, a slight decline stands out. The 10-year rate is 1.48% and the 30-year rate is 1.88%.
XAU loses strength
EThe new rejection of levels above $ 1,810 is leading to a correction in XAU / USD. As long as it is below, the uploads will be limited. A firm break above would leave the metal strong and it could go for the next strong resistance at $ 1,830.
To the downside, around $ 1802, the first support can be seen, followed by $ 1793, before last week’s bottom at $ 1784.
Technical levels
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