Gold Prices in Turmoil as Treasury Yields Rebound and US Dollar Dominates DailyFX
News Source : DailyFX
News Summary
- Our sentiment guide provides the answers you are looking for—don't miss out, get the guide now!Gold Price Chart Created Using TradingViewDailyFX provides forex news and technical analysis on the trends that influence the global currency markets..
- Bulls must defend this technical floor tooth and nail; failure to do so could trigger a move towards $1,990, followed by $1,975.On the flip side, if buyers return and spark a bullish reversal, resistance emerges at $2,045-$2,050..
- Taking out this ceiling decisively could be difficult, but a breakout could create the right conditions for a rally toward $2,085, the late December peak..
- On further strength, XAU/USD could be on its way to retesting its record.Wondering how retail positioning can shape gold prices?.
GOLD PRICE FORECASTGold prices slump, dragged lower by the rebound in U.S.Treasury yields and the strength of the U.S. dollarThe precious metals outlook is starting to become less [+3181 chars]
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