Gold prices rose during the Asian trading period with the start of the market opening on Monday, as the precious metal rose from $ 1995 an ounce to nearly $ 2015 an ounce, almost $ 20 a dollar, after strong declines at the end of last week's trading, especially after some negative data from the US economy, especially consumer confidence and the initial inflation outlook of the University of Michigan, began to emerge.

Technically: The precious metal is now trying to retest the broken bullish stake (back diagonal) as we pointed out last week, from which we now expect gold to begin declining to target 1975 levels as an initial target and then $1950 per ounce levels which, if a candle closes the day below, we expect more negative gold towards $1870 per ounce levels.

Halting the losses of breaking the broken peg back up by closing a candle a day.

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