Gold is in consolidation zone and today USA session will decide gold will break 2040 resistance and towards $ 2060 . and yesterday Death cross area is invilated.
As Bond Yields and DX were Trading on huge decline yesterday session (DX comfortably Trading above the Hourly 4 chart’s Resistance zone and Bond Yields on spiral uptrend), current environment is far away from Gold friendly.
At moment we have three possible scenarios
The price directly drops from the 2034 price action. OR
Wait for the resistance level and short from between the $2037 & $2042 zone. OR
If the price action break the $2040 resistance then we can expect the price will easily hit $2060.
As Bond Yields and DX were Trading on huge decline yesterday session (DX comfortably Trading above the Hourly 4 chart’s Resistance zone and Bond Yields on spiral uptrend), current environment is far away from Gold friendly.
At moment we have three possible scenarios
The price directly drops from the 2034 price action. OR
Wait for the resistance level and short from between the $2037 & $2042 zone. OR
If the price action break the $2040 resistance then we can expect the price will easily hit $2060.
