Rising market sentiment earlier in the week has prompted the re-strengthening of safe-haven trading which investors have focused on to reduce their investment risk.
Although the $ 900 billion Covid-19 aid package in the United States (US) is reported to have been approved, the emergence of a new variant of Coronavirus has plagued concerns around the world with increasing movement restrictions.
Investors will look forward to new developments on the issue and at the same time will continue to see price movement trends that react to market risk-off sentiment.
Gold trading as a safe-haven asset has shown an increase in its value at the opening of the trading session earlier in the week above the highs reached last week.
The XAU / USD price chart which measures the value of gold against the US dollar has seen the price jump back to the focus level of 1900.00 in today's Asian session.
However, the price dropped slightly at the beginning of the European session trading but it is still expected that the price increase will continue.
If price increases continue, the price zone around 1910.00 and higher at 1930.00 will be the price focus and be evaluated by investors.
However, if the price returns to the downtrend from the 1900.00 level, the 1875.00 level in the RBS zone (resistance become support) will be tested again.
A drop below the zone level will signal a bearish trend of the gold price again with a further decline will lead to the focus level of 1850.00.
