- Gold rises modestly on Wednesday, the dollar loses steam.
- XAU / USD maintains a weak tone in the short term.
He Gold is rising on Wednesday but is far from the highs trading around $ 1,863 an ounce. The price climbed hours ago to $ 1873, but failed to hold and cut profits.
The volatility it continues to trend downward in financial markets, which has an impact, limiting price movements. In minutes, US economic reports will be published that include requests for unemployment benefits, new home sales and personal consumption expenses.
The bags They are operating on mixed ground, unaffected by Trump’s decision not to enact the nearly $ 900 billion congressionally approved stimulus package.
Short-term outlook
The metal price continues to be sustained by the $ 1,860 zone in the short term and if it falls below it could test the lows of this week at $ 1,855, below it will follow the 20-day moving average at $ 1840. A rally above $ 1885 would increase the odds on the upside. A close above $ 1900 would set the stage for a bullish extension.
Technical levels
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