Gold investors were positive on the yellow metal trading this week after the price hike hit a 7 -week high last week.
The rise in gold prices was supported by the continued depreciation factor of the US dollar in the market until the end of the week.
Although the US economic data showed a good reading, investors remained focused on the monetary policy statement by the Federal Reserve (Fed) in the expectation that policy easing would be maintained.
Meanwhile, the 10 -year treasury yield also remained weak after falling below the 1.60%level.
Last week, as can be seen on the XAU/USD price chart which measures the value of gold against the US dollar, the 1765.00 zone became the price focus resistance.
However, after the zone was tested the price managed to continue higher and closed last week's trade around the 1783.00 level.
Moving slowly in the session to resume trading this week, gold prices were seen rising in the Asian session surpassing the highs reached last week.
The price increase is getting closer to the focus level expected by analysts earlier, which is at the level of 1800.00.
If the price makes a decline, the latest support level of the price is seen in the RBS zone (resistance become support) 1765.00.
A decline below that zone will signal the beginning of a bearish trend for gold trading.
