- Gold maintains an upward bias although it cannot yet assert itself above $ 1,820.
- Metals continue to rise, mixed stocks and Treasury yields rebound slightly.
The Gold climbed hours ago to $ 1,822, reaching the highest level since early September and then fell back to $ 1,812, the intraday low. In the preview of the American session, it trades around $ 1817 at Friday’s closing level.
The chart still shows a bullish bias for the metal, which is fighting resistance at $ 1,820. In case of affirming above, the focus will move to the area of $ 1833, where the maximums of several months are and which is a key level, whose break would enable medium-term gains. To the downside, below $ 1810 the bullish tone would lose more strength. The next support is at $ 1800.
Calm Monday before data
Equity markets are mixed on Monday, with yields rising modestly. The prices of the financial markets move in ranges, with moderate movements after the US employment report on Friday.
The week that is starting will have inflation as a key figure for the US. The producer price index on Tuesday and the retail inflation index on Wednesday.