- Gold is still under pressure, the dollar is strengthening.
- The XAU / USD retracement finds support, for the moment, at $ 1750.
The oro it sharply accelerated the decline and reached $ 1,750, the lowest level in two months. The fall took place due to a strengthening of the dollar and also, in the last hour, due to an advance in the yields of Treasury bonds.
The Precious metal found support at the $ 1,750 zone and is trading around $ 1,756, with a daily drop greater than $ 20. The downward pressure remains intact and the break at $ 1750 could further increase it.
The next relevant support can be seen around $ 1725 / $ 30, which is a strong zone and could favor some kind of bounce. In the opposite direction, now $ 1770 is the first resistance to consider, followed by $ 1800.
End-of-month flows along with the previous employment report may continue to add volatility to metals. The US employment report will be released on Friday.
Technical levels
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