Gold Pullback in play Aiming Growth for 3400Gold prices initially rejected from recent highs and found strong support, indicating limited downside. Despite the recovery, gold remains under pressure due to rising U.S. bond yields and a stronger U.S. dollar. The higher-than-expected inflation data from the U.S. has reduced the likelihood of an early Fed rate cut, which is weighing on the metal.
Technical Analysis:
If the 1H candle closes above 3350, the price is likely to push back into the bullish zone.
Potential upside targets: 3378 and 3400
You any see more details in the chart.
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