XAU / USD without strength, fails to affirm above $ 1800

• Gold weakened in the last day of the year due to a moderate strengthening of the dollar.
• XAU / USD fails to assert itself above $ 1805, it survives on the 20-day average.
• Data ahead: US jobless claims and Chicago PMI.

Gold is falling less than $ 5 on Thursday and is trading just below $ 1800 on another low-volume day in financial markets. The value of the ounce failed to affirm above $ 1805 on Wednesday after rebounding from the 20-day moving average.

On Wednesday, the price of the yellow metal had a volatile session where it went from operating at a minimum of almost a week at $ 1,789 to rebounding to $ 1805. However, it failed to remove a very short-term negative tone.

On the bright side for the bulls, XAU / USD again held above $ 1789, which is where the 20-day average is passing. If we lose that area, more weakness ahead would be expected, leaving $ 1,780 exposed.

A return above $ 1805 would remove the intraday bearish bias, while a consolidation above $ 1815 would be a bullish signal, leaving a more liberated path to the next strong resistance zone around $ 1830.

USD somewhat stronger, range predominates

The dollar rose in the market on Thursday, at a modest pace. Stock market stability coupled with a sharp rise in Treasury yields gave it a boost on Wednesday, while hurting gold. ORA further decline in bonds could lead the XAU / USD to test weekly lows and lower.

Market conditions continue to be dominated by low liquidity. Unemployment benefit claim data and Chicago PMI will be released on Thursday, while most platforms will not provide gold prices on Friday.

Technical levels