Gold is floating down, amid a low level of fear across the board and rising yields of US bonds. Rising yields, however, probably, would be temporary, as probabilities of interest rate hikes don’t change much, even after an uptick in inflation.
The 1900 area is a congregation of 200-day moving average, which is the long-term dynamic support area, with the previous month’s low, which is an intermediate-term statistic support. If the price reaches this point, it may rebound higher with the continuation of the rally.
The 1900 area is a congregation of 200-day moving average, which is the long-term dynamic support area, with the previous month’s low, which is an intermediate-term statistic support. If the price reaches this point, it may rebound higher with the continuation of the rally.