Next support for gold 1805, 1785, 1720.
Rising nominal interest rates coupled with easing price pressures/inflation expectations have pushed up real rates, raising the opportunity cost of holding the zero-yielding yellow metal.
SELL @ 1838 - 1842 SL @ 1848
TP @ 1827
TP @ 1806
SELL @ 1838 - 1842 SL @ 1848
TP @ 1827
TP @ 1806
Note
Gold in sideway
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.