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Gold ( XAU ) Selling rallies with 1750 as target ?

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hi,

rising US yields hit hard both: Gold Bulls and Tech Bulls ( not the first time )
If we see continuation of that yields move, for example, an American 10s well above 1%, the action has a chance to continue ...

Risk factors:

FED manipulation with yields
today's 10s auction in the US

Selling rallies towards 1910/940

Stop above 1968

Target 1750/720

Good luck

Comments

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