- Gold hit a month high but then changed direction.
- XAU / USD tries to get closer to $ 1830 in the preview of the American session.
The Gold is trading in slightly negative territory on Monday, but with signs of difficulty extending the rally beyond the important resistance at $ 1,830.. The metal peaked in a month in Asian hours at $ 1,831, but then fell to $ 1,820.80. It is trading at $ 1825, trying to regain its bullish tone.
At the $ 1830 / $ 35 zone, XAU / USD faces resistance to watch out for. In case of bankruptcy and asserting itself above, more rises would be expected. If it continues below, the advances will have little sustainability. Immediate support below the lows for the day is at $ 1,815.
The volume remains below the normal average so far this Monday, since in several countries it is a holiday. On Tuesday a return to normality is expected and with a more loaded economic calendar. The final reading of the US manufacturing PMI and construction spending, both for December, stands out on Monday.
Later in the week the focus will shift primarily to US employment data. with the ADP report on Wednesday and the nonfarm payroll report on Friday. In addition, the minutes of the last meeting of the Federal Reserve will be published on Wednesday.
Technical levels
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