Gold stays on high ground following a retreat in Treasury yields at the end of last week. The precious metal is consolidating its gains after the previous round of rallies.
The general direction remains upward despite a choppy path. A bullish breakout above 1911.00 after a brief pause suggests strong buying interest.
1900.50 is the immediate support as buyers build up their stakes. 1927.50 would be the next target. Then an extended rally may send the price back to January’s peak at 1959.00.
