- Gold retains earnings after Friday’s rebound.
- Low volume with limited tours due to US holidays.
Gold’s pullback after failing to break above $ 1910 found support above $ 1900. At the beginning of the American session, it is trading around $ 1905, practically unchanged from Friday’s close.
Metals are unchanged on Monday. Silver (XAG / USD) is trading sideways around $ 27.90 trying to return above $ 28.00. Currency pairs and major stock indices show slight variations and low volatility, due to the fact that it is a public holiday in the United Kingdom and the United States.
From a technical point of view, XAU / USD maintains a dominant bullish trend. The metal’s advance has slowed at the strong resistance at $ 1910. If it goes up and affirms above it would point to more gains, with the next resistance being in the area of $ 1920.
A drop below $ 1900 would lead to the bullish tone losing steam. If the decline continues and affirms below $ 1,887, further corrections would be expected.
Technical levels
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