👻Gold price turned south and dropped below $1,870 after touching a two-week-high of $1,885 earlier in the day. The benchmark 10-year US Treasury bond yield is up more than 1% above 4.6% after latest US inflation figures,.
👻Gold broke the trendline at the 1871 price range after the US PMI data was released. According to analysis, gold will have a test of 1873 and then continue a downward trend in the short term.
👻The short-term trading point is SELL at the price range of 1873. The two nearest support levels are 1863 and 1850, which will support gold's upward momentum.
👻There is a high possibility that gold will react in price in the 1863 area when the candlestick force is strong enough, you can total buy at 1853-1851.