Gold was up on Monday morning in Asia, remaining close to a three-month high. Investors are now betting that interest rates will stay low for a while thanks to a disappointing U.S. monthly job report released on Friday.
The GOLD market is bullish with last week’s pressing rallies hitting likely target levels up against the 1855.0 levels. A close over 1855.0 will spark additional buying for a run beyond the last high 1863.0 - 1875.0. If trade continues to be stopped against 1818.0 be on guard for a flip to corrective setbacks / congestion. A close under 1798.0 signals a topping turnover.