The bright metal is dropping because of firmer US Treasury yields. Also weighing on the market sentiment and underpinning the US bond coupons, as well as testing the gold bulls, are the chatters over the US-China and Fed rate hikes.
NOTE: BMS - Break in Market Structure LG - Liquidity grab XAUUSD
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.