Gold was up on Thursday morning in Asia, steadying as U.S. Treasury yields eased. A strengthening dollar capped the yellow metal’s gains, however.
The dollar, which usually moves inversely to gold, also inched up on Thursday. The greenback hit a fresh four-month high against the euro on Thursday, emerging as the safe-haven asset of choice as Europe struggles with its third wave of COVID-19 cases and a delayed vaccine rollout.
GOLD is sideways Down. The market is showing a sideways situation for today with 1744.0 as Resistance and 1721.0 for Support.
Resistance 2 1744.0
Resistance 1 1738.0
Support 1 1728.0
Support 2 1721.0