- Wall Street turns negative, the recovery of the US dollar calms down.
- Gold remains lateralized, now testing the level above the range.
He oro It hovers around $ 1,885, registering a 0.65% gain on a quiet day. The yellow metal is breaking higher, a trading range, after a quick drop to $ 1,871. It quickly rallied back to the $ 1,880 zone.
The downward movement took place when the Wall Street indices turned negative. The Dow Jones is now down 0.05%; before, it reached record levels. The US dollar recovered ground as stocks fell. The DXY rose again to 90.00; down 0.35% during the day, but far from lows.
From a technical perspective, the XAU / USD is moving sideways to the bullish. It made a false break out of an uptrend line peaking at $ 1,871. At time of writing, it is testing levels above the short-term range between $ 1,875 and $ 1,883. On the daily chart, the direction is unclear. The December rally found resistance at $ 1,900.
It is a shortened week for financial markets. It is already having an impact on volume. The correlation between the currency market, stocks and gold is weak on Tuesday.
Technical levels
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