Gold seeks support as the US dollar inches higher across the board. A break above the former demand zone near 1840 has prompted sellers to cover some of their bets. The price action is likely to consolidate in a narrow range between 1805 and 1878 in the next couple of days for lack of decisive catalyst. 1825 is the immediate support and its breach might break the latest momentum, leaving the precious metal vulnerable to a sell-off. A rally above 1878 may turn sentiment around and trigger a strong recovery.
