- XAU / USD advanced on Wednesday, stabilized after falling from $ 1,835.
- Zone between $ 1815 and $ 1820 is the current barrier to overcome.
The oro it remains firm above $ 1800, although with increases still limited by the $ 1815 and $ 1820 area. The current consolidation tone has a slight bullish bias, favored by a weak dollar and low Treasury yields.
The price had fallen in the Asian session just below $ 1,810, and then it had a rebound to $ 1,815, the highest in two days. These rallies are within the recent price range, where XAU / USD is asserting after a pullback from levels above $ 1,830.
The Gold managed to hold above $ 1,800, which if given, would point to a more intense bearish tone, with the next strong support at $ 1,790. On the upside, above $ 1815/20, the focus would shift to $ 1828/30, a level of horizontal resistance and where the 55-day moving average is also passing, which twice stopped the advance of gold in July.
Fundamentally, the US employment ADP report will be released at 12:15 GMT and may generate movement in the market. Later it will be the turn of the ISM of the manufacturing sector. The key data for the week is Friday with the official employment report for July.
Technical levels
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