It is very difficult for gold to break through the 2000
Updated
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☁️Gold is trading above 1970 levels with a slight increase thanks to the stability of the dollar.
☁️The US Dollar Index (DXY), which measures the value of the USD against six major currencies, hovered around 106.25. However, further increases in US Treasury yields could limit gold's gains as it does not offer competitive returns.
☁️The close price range is 1962 and 1982, waiting for a point to break through this zone.
☁️The US bond market is maintaining recovery mode, putting downward pressure on US Treasury yields. This is supporting non-yielding Gold prices. Recent weakness in US bond yields is keeping the US dollar in check, further boosting Gold prices.
☁️Gold is trading above 1970 levels with a slight increase thanks to the stability of the dollar.
☁️The US Dollar Index (DXY), which measures the value of the USD against six major currencies, hovered around 106.25. However, further increases in US Treasury yields could limit gold's gains as it does not offer competitive returns.
☁️The close price range is 1962 and 1982, waiting for a point to break through this zone.
☁️The US bond market is maintaining recovery mode, putting downward pressure on US Treasury yields. This is supporting non-yielding Gold prices. Recent weakness in US bond yields is keeping the US dollar in check, further boosting Gold prices.
Trade active
SELL GOLD scalping SELL GOLD 1973 - 1975
↠ STop 1978
→ Profit 1 1970
→ Profit 2 1960
Trade closed: target reached
+ 50 pips, congratulation everyoneNote
The price margin between 1962 and 1982 is still strongNote
near reach entry SELL
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