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Mohammad_Mirdehghan

The downward channel in gold remains intact.

Short
US Government Bonds 10 YR Yield (TVC:US10Y)  
Mohammad_Mirdehghan Updated   
TVC:US10Y   US Government Bonds 10 YR Yield
Trend Analysis Wave Analysis Fundamental Analysis
13
0
trendanalysis waveanalysis fundamental
The market's current reluctance to accept a 3.65% rate and the potential for further dollar support can act as resistance for gold, confirming the bearish scenario.

A break of the 1954 dollar pivot could serve as a suitable confirmation for the continuation of the downward trend.
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