1812 support will be decisive in Gold




10-year US real bond yield exceeding minus 3 percent and reaching a record low led to 4-day rise in Gold. On the third trading day of the week, recovery in US index caused losses in Gold. However, unless 1812 support is broken downwards, upward movements are likely to continue. 1835 resistance will be important for these movements. After it is exceeded 1848 will be our next target. On the other side 1800 support will be significant below 1812.