The new week for gold has started with the rebound continue over from the final part of last week. Bullion is consolidating well above the support level of $1,550; a clear breakthrough of $1,562 will open space for further recoveries, with a first target at $1,577 and then resistance levels at $1,593 and $1,611, which is the 7-year-top reached a few days ago.
The rebound of gold despite the strength of the greenback is confirming investors strong appetite for bullion.
