Gold is expanding around this key levels, once rejected by 1704, dropped to the next level at 1645, once rejected at 1645 can drop to the next level at 1586.
When reach 1586 area, a heavy negotiation can happen, price can pullback to 1645 or continue dropping to the next level at 1529.
While USYields 10 years continues going up, I see gold going downwards to meet these next levels. Watch USYields10 to have a sense of Gold strength for the next days.
When reach 1586 area, a heavy negotiation can happen, price can pullback to 1645 or continue dropping to the next level at 1529.
While USYields 10 years continues going up, I see gold going downwards to meet these next levels. Watch USYields10 to have a sense of Gold strength for the next days.