- Dollar weakness and slight drop in yields boost gold.
- The break of $ 1800 an ounce reinforces the bullish tone.
The Gold is rising strongly on Friday and accumulates a rise above $ 20. It recently broke over $ 1,800 an ounce to $ 1809, the highest level since September.
The advance is driven by technical factors, a weak dollar and optimism in the markets. In addition, Treasury yields are moderating the recent rise, helping to support the XAU / USD.
The break at $ 1,800 an ounce reinforced the bullish outlook. If it continues above, more gains look likely. Around $ 1811 is the next relevant resistance, then $ 1820 appears which protects the $ 1830 / $ 35 level, where the highs of July, August and September are, whose break would be a sign of more gains.
A return below $ 1800 would cast doubt on the dollar rally, while below $ 1790, a possible reversal signal would appear. Below the next support appears at $ 1765.
Technical levels
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