Gold Advances in Early Asian Trade

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Gold prices have bumped up higher on Monday’s open.

The gains come amid a modest risk-off sentiment in the market.

Gold prices, alongside the US dollar, are currently gaining ground.

The precious metal, having already firmly established support above 1850 is on track to the next key challenge. The resistance level near 1900 – 1911 will be critical for the commodity.

A rise above this level could trigger further gains. This will once again put the 2000 level for gold, within sight.

To the downside, failure to break past the resistance level could signal a sideways movement. The lower support near 1875 could hold prices from declining further.

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