- Gold in positive territory, but still with downward pressure from the strong dollar.
- The yellow metal lost steam again before $ 1790.
The XAU / USD is trading around $ 1,783, in slightly positive territory for the day after falling to $ 1,779.50, Recently. The daily rise is modest and remains at the moment without being able to leave the area firmly $ 1,790 and $ 1,780.
Despite rising modestly, the direction of gold remains lateral in the short term. There are still downward pressures, in a context of the strength of the dollar, which continues to rise; on Friday mainly against emerging currencies and those linked to commodities.
The economic calendar on Friday is light. The presentation of the president of the Federal Reserve from Dallas, Robert Kaplan. Next week will be the Jackson Hole symposium, where Jerome Powell could announce or give stronger signals about the cutback in the purchasing program.
Should gold confirm clearly below $ 1780, it could trigger further declines. While on the rise, the metal needs to leave behind 1800 $ pFor the bounce to gain more support.
Technical levels
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