Gold was down on Friday morning in Asia as U.S. Treasury yield fell. Investors also digested a record low number of jobless claims and a higher-than-expected PPI.
The GOLD market still retains a short term bear trend bias. However, minor recovery action has lifted the market against key 1843.0 resistance. A close over 1843.0 is needed to secure a short term reversing / bottoming turn, likely sparking a climb to 1875.0. A close under 1.811.0 is bearish.