The precious metal is posting strong gains, rising for the third consecutive session.
The gains have pushed gold slightly above the 1900 level once again.
It will be left to be seen if price action can keep up the momentum.
The 1900 – 1911.50 level has proven hard for gold prices to breakout from before. As a result, the bias remains mixed at the moment, unless price can close above this level.
To the downside, there is always a risk for gold to give back the gains. This will keep price action subdued between the 1900 and 1850 levels for the near term.