XAU/USD technical set up remains in favor of bears in the near-term
Gold has held on the support structure between $ 1.916 / 20 in the beginning of the track of the week of $ 1918.64 and $ 1933.29, to date, companies in dollars US in consolidation. DXY was unable to maintain the support in the area last week 93,30 / 50 and has given way to the bear to print a two-week low of 93.01. Subsequently, the price of gold has the role of a safe haven, rallying the most in six weeks as hopes of a recovery plan in the United States pushed the dollar lower. Furthermore, US equities had a good start to the week, pulling down on gold as risk rallies on recovery hopes. XAU/USD picks up bids above $1,920 amid mixed signals Gold prices give new impetus to reverse by moving up to the intraday high of $ 1924.52 during the Tuesday morning Asian session. The yellow metal broke a series of three-day victories yesterday as markets react to the increased likelihood of a delay in the US stimulus coronavirus (Covid-19). also providing the background music to the movements...