GOLD seizing on relativeness weakness from Bond Yields across the long-ended spectrum.While Bullish momentum is encouraging, a definitive close above ~1913 (61.8% Fib) will be transformational.
Resurgence in Bonds will most likely pressure Gold back into downward trend towards Gap Fill/78.6% Fib, or further capitulation towards $1800 territory.
Traders will be paying close attention to Jackson Hole Symposium.
Note:
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DXY has also been rallying while Gold shows relative strength - demonstrating that Bond Yields are indeed the underlying driving force, interesting.Boost/Follow appreciated, cheers :)
XAUUSD GC1! GC2! 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.