- The dollar weakens after the start of the American session.
- XAU / USD returns to positive ground, XAG / USD cuts losses.
The gold returned to positive terrain, on a Monday day with lateral and unclear routes. After falling to $ 1784, the XAU / SD rebounded and is at daily highs near $ 1795.
The rebound of gold occurs before a fall in the dollar throughout the market. The greenback lost strength due to a rise in stocks and also due to a decrease in the yields of Treasury bonds.
On Monday the behavior of the dollar and the yields of Treasury bonds. On Tuesday, the key will be the US inflation data for August, which can have a great influence on the monetary policy expectations of the Federal Reserve.
Still under pressure, but over $ 1,780 / $ 85
The short-term bias is still negative for gold, but it remains above $ 1780/85, which is the first key support zone. A drop below will expose the next level at $ 1770, the break of which could favor a clarification, with an initial target at $ 1760.
To the upside, at $ 1795 there is the first resistance and then it will follow $ 1805, which is shown as stronger. The breakout would give the yellow metal more bullish momentum for a possible visit to $ 1,815.
Technical levels
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