Gold prices relatively quickly absorbed the small sell off seen on Wednesday, recovering in a few hours, and stabilizing above $1,770. There are no big market movers expected today, after the US Non-Farm Payroll data was brought forward to Thursday, ahead of the Independence day weekend.
Gold volatility decreased once again, and prices seem set to hold at current levels but are not yet ready for a strong attack to the $1,800 area. Technically we can find a first resistance at $1,7890, on the top reached two days ago, while $1,765 has now became a support zone for the spot price.
