- Gold stays in the range close to $ 1800.
- Recovery of the dollar keeps the metal limited on Monday.
Gold is trading around $ 1800 an ounce, with a slight loss for the day, but maintaining the range of the last few days, without a clear direction.
Hours ago, XAU / USD fell to $ 1798 on Monday, then rebounded to $ 1805. In the Asian session, it had reached the highest level at $ 1,811.
The precious metal continues to move in ranges, in a lateral direction in the very short term, without moving away from $ 1800, validating the rebound of the beginning of the month. The rally met resistance at the $ 1,815 area. The subsequent pullback has also been limited with support above $ 1790.
The The advance of the dollar in the market has put downward pressure on the metal, but at the same time the yields of the Treasury bonds remain in the zone of minimums in months. The 10-year rate on Monday stands at 1.34%, far from the 1.25% of last week, but still further from the 1.50% at the beginning of the month.
Technical levels
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