- Gold on neutral ground, still over $ 1900.
- Day with limited tours before holidays in the US and Europe.
The Gold lost momentum during the European session and started to retreat after rising to $ 1,910., the highest level since last Wednesday. It is trading around $ 1902, in the area where it closed on Friday.
Metals have erased gains in recent hours. Silver (XAG / USD) returned below $ 28.00. Most crosses in the foreign exchange market and stocks show small variations and low volatility, due to the fact that it is a public holiday in the United Kingdom and the United States.
In the absence of relevant data on Monday, the calm could extend although there could be movements in the face of end-of-month flows.
From a technical point of view, XAU / USD maintains a dominant bullish trend. The advance of the metal has slowed down at the $ 1910 barrier. A confirmation above would point to more rises, with the next resistance being at $ 1920. Should it return below $ 1900, gold would lose momentum. If it affirms below $ 1,887 a bearish extension could be expected.
Technical levels
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