As Wednesday's trading session approaches, the spot market for gold is experiencing fluctuations, hovering around the $1,900 mark. Investors are biding their time, eagerly anticipating the commencement of the Federal Reserve's Jackson Hole economic symposium, scheduled for Thursday.
Remarkably, the precious metal has shown resilience despite the recent surge in Treasury yields. Just yesterday, the benchmark 10-year note reached its highest yield since 2007, surpassing 4.36%. This impressive climb came after a dip to 3.57% in June.
XAUUSD SELL 1901 -1903🕯
✅ TP1: 1896
✅ TP2: 1890
⚠️ SL: 1908