- Gold’s rebound hit a barrier at $ 1790.
- Gold is volatile with a slightly bearish bias.
The Gold is trading around $ 1,785, around the same level where it closed on Wednesday. After falling in the Asian session to $ 1,774, the lowest since Monday, there was a significant rebound to the $ 1,790 area, which slowed the rises.
The barrier of $ 1790 is the first resistance to overcome and then follows the area close to $ 1800, which if left behind, would enable an upward extension in the price of gold. At the moment, the bias is slightly bearish considering that the price has been marking descending lows and descending highs since Tuesday.
The $ 1,780 recovery eased downward pressure. The decline had been due to a general rise in the dollar, due to a climate of risk aversion.
In minutes there will be data from the US, with the weekly report of requests for unemployment benefits and then the Philly Fed. Likewise, the attention continues to be focused on the expectations of monetary policy after what was the minutes of the FOMC on Wednesday.
Technical levels
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