Gold trades lower
Gold breaks significant resistance at $1950 after long consolidation despite a surge in US bond yields.
Technical:
The near–term support is around $1940 (yesterday's low),
The yellow metal faces strong resistance of $1961 (38.2% fib),
sell around $1950-51
SL $1975
TP $1850.
Technical:
The near–term support is around $1940 (yesterday's low),
The yellow metal faces strong resistance of $1961 (38.2% fib),
sell around $1950-51
SL $1975
TP $1850.
Disclaimer
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.