Prices of gold may be corrected and moved between the support level at 1720 and resistance at around 1750 dollars per troy ounce.

"The pressure is down because the strengthening of the US dollar is supported by expectations of a recovery in the US economy," said Commodity Observer Ariston Tjendra in Jakarta, Monday (29/3).

According to Ariston, the market is also wary of a rebound in US government bond yields, especially the 10-year tenor, approaching the 1.7% area, which could also pressure gold prices.