FXstreet.com (Barcelona) - After a rally to 1675 on yesterday’s trading,, Gold softened during the Asian session to consolidate its gains as it’s back to the opening price of 1670.
The light economic calendar, with the improving Durable Goods in the US by 4.3% in July, gives one more reason not to extend policy easing as the US data released in August have been pleasant.
“Gold continues to move higher towards the theoretical target at 1730 implied by the symmetrical triangle”, wrote MIG Bank analyst Bijoy Kar, monitoring the test of the resistance at 1672.
