Gold under pressure from higher yields and stronger USD
Gold finished lower overnight at $2619 (-2.42%) undercut by higher #yields and a stronger #USD.
If gold were to now see a break below interim support at $2600, we would expect to see further unwind of long gold positioning taking it back towards $2550.
If gold were to now see a break below interim support at $2600, we would expect to see further unwind of long gold positioning taking it back towards $2550.
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Disclaimer
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.