XAUUSD: Entry for Sell-er
Updated
Gold price surrenders to US bond yields rise
Investor sentiment remained affected by the ongoing struggles faced by regional banks in the US. Additionally, the XAU/USD saw a decrease in demand due to a rise in the US Treasury bond yields. The yield on the US 10-year Treasury bond increased by four basis points, currently standing at 3.447%. However, it is still lower than the levels seen at the beginning of the week, which were at 3.568%.
Currently, the possibility of a 25 basis points rate hike by the US Federal Reserve in May has reduced. The probability of this happening is 76.1%, which is lower than the previous week's 83.3% chance.
Gold is predicted to drop after hitting 2000!
Plan trade in the intro ♥
Investor sentiment remained affected by the ongoing struggles faced by regional banks in the US. Additionally, the XAU/USD saw a decrease in demand due to a rise in the US Treasury bond yields. The yield on the US 10-year Treasury bond increased by four basis points, currently standing at 3.447%. However, it is still lower than the levels seen at the beginning of the week, which were at 3.568%.
Currently, the possibility of a 25 basis points rate hike by the US Federal Reserve in May has reduced. The probability of this happening is 76.1%, which is lower than the previous week's 83.3% chance.
Gold is predicted to drop after hitting 2000!
Plan trade in the intro ♥
Trade active
Plan trade in the introTrade closed: stop reached
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