Gold maintained its bid tone through the first half of the European session and was last seen hovering near the top end of its daily trading range, around the $1870 region. The precious metal gain some positive traction on Wednesday and recovered a part of the previous day's losses back closer to weekly lows, around the $1855 region. The uptick was exclusively sponsored by the emergence of some fresh selling around the US dollar, which tends to benefit the dollar-denominated commodity.
That said, a goodish rebound in the US equity futures might keep a lid on any runaway rally for the safe-haven XAU/USD. Hence, any subsequent positive move is more likely to confront a stiff resistance near the $1885-86 region, above which bulls are likely to make a fresh attempt to push the yellow metal back above the $1900 mark.