If the US 10-year bond yield breaks the critical area of 2.42% and starts to accelerate, we expect a sharp decline to follow. Therefore, gold prices may retreat firstly to 1266 and then the 1236 support level.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
