Gold stays above the $2030 level, supported by falling Treasury yields. The broad pullback in precious metals markets did not put any pressure on gold in today’s trading session.
In case gold settles above $2040, it will head towards the resistance at $2065 – $2075.
- The current situation is that GOLD is still in an increasing channel H4 and is gradually compressing higher. - Sellers' expectations are for a large daily bearish channel and bearish correction
==> Currently, the fluctuation range in OB is also high.
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