Analysts said that the world gold market could not prosper because investors still sheltered capital in USD, helping this currency maintain its upward momentum compared to many other foreign currencies.
On the other hand, the bond investment channel becomes attractive when the 2-year bond interest rate is up to 5%/year, the 10-year bond interest rate is 4.33%/year in the US - the highest level since from 2007 to present. .
Accordingly, many people have written into bonds deducting very little cash flow into precious metals. The world's gold price today has no chance to strengthen.
Note
XAUUSD SELL 1895 -1897🕯✅ TP1: 1889
✅ TP2: 1882
⚠️ SL: 1904
Note
Running +20Pips ✅✅Note
Running +30Pips ✅✅
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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.