Get started
Farid_alfredo

Gold rises to $1,800 but still keeps moving down in long-term

CFDs on Gold (US$ / OZ) (TVC:GOLD)  
Farid_alfredo  
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis Chart Patterns Fundamental Analysis goldtrading goldanalysis goldforecast goldsignals goldusd bondyields treasuryyield Descending Channel Contains image
2
1
trendanalysis chartpattern fundamental goldtrading goldanalysis goldforecast goldsignals goldusd bondyields treasuryyield descendingchannel containsimage
Gold began its descending movement since Aug 2020 when it was $2074. Falling US Treasury bond yields seem to be fueling gold's rally in the second half of the week. After bond markets returned to action on Tuesday, the benchmark 10-year US Treasury bond yield lost nearly 6% and was last seen falling 0.9% on the day at 1.525% .
  • Gold has entered into 1830-1845 key zone three times but never broke it. Will it break the descending pattern and reach to the zone again ?
News Credit: www.fxstreet.com
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.