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XAU / USD is under pressure again and falls to the zone of $ 1,750

  • Gold recovery fails and price per ounce falls to $ 1750.
  • Metal’s decline occurs despite dollar weakness.

The Gold is falling again after failing to sustain the recovery. The ounce had climbed to $ 1780, but changed direction and in the last hours lost more than $ 20, falling to $ 1749, the lowest level since Monday.

At the moment, the XAU / USD has managed to sustain above $ 1,750. Between $ 1745 and $ 1750 there is a key support that if it yields would add more downward pressure to the downward price of gold.

Get up, the metal first needs to break above $ 1780 to ease the downward pressure. Then the next strong resistance is at $ 1795, followed by $ 1815.

Gold’s weakness occurs in the face of a complex technical outlook and the rise in Treasury bond yields. The 10-year rate advanced to 1,369%, the highest level since Monday.

A general fall in the dollar and a rise in the price of shares may be helping to limit the fall of gold.

Technical levels

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