Last Updated Date: 30 August 2021 @ 6:42 AM (UTC)
*Please note that all the dates are in GMT time zone
Gold was up Monday morning in Asia, continuing to ride a rebound sparked by comments Friday by U.S. Federal Reserve Chairman Jerome Powell that put pressure on Treasury yields and the dollar.
Although the GOLD went Up to the 1823.0 level and showing 1827.0 as Resistance for today, but overall the market is bearish as it is in the overbought area with a downside breakout likely sending trade to attack a 1811.0 - 1801.0 weekly low, when broken 1781.0 again. Current corrective rebounds trapped by 1830.0 will maintain bear forces.