- Gold resumes bullish path after falling to $ 1,843.
- Progress is made despite the stability of the dollar and bonds.
Gold jumped to $ 1,861, hitting highs since late January, after falling back to $ 1,843. The precious metal returned to an upward pace after the opening of Wall Street and remains in the zone of highs.
Both gold and silver recovered from an intraday correction and are uphill, accelerating the journey. The XAG / USD is testing the highs for the day while the XAU has already surpassed them.
The advance reflects the strength of metals as both Treasury yields, equities and the dollar remain stable. On Wall Street, stocks are down slightly and the 10-year rate is at 1.63%, far from the low of 1.60% hours ago.
In case the XAU / USD continues to advance, the next strong resistance can be located at $ 1875, and then $ 1890. To the downside, now $ 1850 may become the first support to consider.
Technical levels
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