FXstreet.com (San Francisco) - The yellow metal is trading bearish today session with the XAU/USD retreating 1.40% so far today. The cross has fallen from $1,610 to break down $1,590 support and reach 1-week low at $1,583.

Currently the XAU/USD is pricing at 1,587, next support is at 1,583 zone and 1,576. On the upside, a break above 1,625 would expose 1,635 and then 1,640