One key factor that determined the current dynamics of the metal was the unexpectedly positive placement of US bonds. U.S. 10-year bond yields jumped to 1,311% from 1,164% earlier. Some of the more conservative bonds, 20-year treasury bonds, were put at 1,920%, significantly surpassing 1,657% in january's bid.
Even the short-term accounts of 3 and 6 months were no exception. Its incomerose to 0.040% and 0.060%, respectively, from 0.035% and 0.050%, respectively.
In the event of continued corrective decline of the asset, as well as the consolidation of the price below the local minimum in 1762.0, the sell positions with the objective of 1710.0 will be relevant. The stop loss should be set at 1800.0. Implementation period: 7 days or more.
In the case of a turnover and continued global growth of the asset, as well as the pricing above the local resistance in 1818.0, the buy positions with a target of 1900.0 will be relevant. The stop loss should be set at 1790.0.
Good luck for your trades.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market.
But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Even the short-term accounts of 3 and 6 months were no exception. Its incomerose to 0.040% and 0.060%, respectively, from 0.035% and 0.050%, respectively.
In the event of continued corrective decline of the asset, as well as the consolidation of the price below the local minimum in 1762.0, the sell positions with the objective of 1710.0 will be relevant. The stop loss should be set at 1800.0. Implementation period: 7 days or more.
In the case of a turnover and continued global growth of the asset, as well as the pricing above the local resistance in 1818.0, the buy positions with a target of 1900.0 will be relevant. The stop loss should be set at 1790.0.
Good luck for your trades.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market.
But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Trade active:
Current dynamics
Gold prices show a slight increase during today's negotiations, developing a corrective momentum formed late last week. Last Friday the tool updated record lows since the beginning of July 2020, but managed to recover thanks to a corrective sentiment in the market and not very secure positions of the American currency, which remained under pressure from weak data on the U.S. labor market.
In turn, the general enthusiasm in the market puts strong pressure on the position of "safe" gold. High U.S. treasury bond yields cause an additional increase in demand for risky assets. It also helps the epidemiological situation in the U.S. and the world that is improving. Countries are gradually removing the latest quarantine restrictions as public vaccination campaigns spread and accelerate.
Gold prices show a slight increase during today's negotiations, developing a corrective momentum formed late last week. Last Friday the tool updated record lows since the beginning of July 2020, but managed to recover thanks to a corrective sentiment in the market and not very secure positions of the American currency, which remained under pressure from weak data on the U.S. labor market.
In turn, the general enthusiasm in the market puts strong pressure on the position of "safe" gold. High U.S. treasury bond yields cause an additional increase in demand for risky assets. It also helps the epidemiological situation in the U.S. and the world that is improving. Countries are gradually removing the latest quarantine restrictions as public vaccination campaigns spread and accelerate.