GOLD - price will drop this week 15/08/2023
Updated
The world gold price fell sharply when the USD bounced up
Rising interest rates and bond yields have increased the opportunity cost of holding non-yielding assets like gold.
Gold price will drop this week. The continued rise in 10-year US Treasury yields along with the greenback will create a headwind for gold.
Rising interest rates and bond yields have increased the opportunity cost of holding non-yielding assets like gold.
Gold price will drop this week. The continued rise in 10-year US Treasury yields along with the greenback will create a headwind for gold.
Note
Gold price declined due to pressure from the rise of USDNote
Wait to BUY in trendNote
XAUUSD BUY zone 1904 - 1902SL 1899
TP 1920
Note
Buy GOLD scalping
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