The world's largest gold , SPDR Gold Shares saw the first increase in gold stocks since mid-April, although the increase from 739. 64 to 739. 94 tonnes was relatively modest. Crisis protection received a tailwind primarily from the weakening dollar. After its twelve-month high of the previous week, the dollar index has now entered correction mode, although the upward trend observed since the beginning of the year has remained intact. The decline in US yields also helped the precious metal. Ten-year securities fell from 2. 55 to 2. 45 percent over the course of a week.
- is near strong resistance, expect strong market up movement if break the resistance
- baselines are near crossing of baselines
- sell entry at 200 day moving average and resistance