Gold/Xauusd right now in a Downtrend
Gold Fundamental overview
Gold rebounds above $2,380 as US yields stretch lower.
Following a quiet European session, Gold gathers bullish momentum and trades decisively higher on the day above $2,380. The benchmark 10-year US Treasury bond yield loses more than 1% on the day after US PCE inflation data, fuelling XAU/USD's upside.
Technical overview :
Gold 4h character change level already broken. In technical gold market right now in a downtrend. Market is waiting for a strong sell setup.
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