PRICE ANALYSIS AND NEWS
Gold Awaits US CPI
US Real Yields Are Still the Best Guide for Gold Direction
+ A weakness in the US dollar and Treasury yields have led to an increase in demand for bullion this week. A bullish close for the weekly candlestick could help Gold be ready to continue rising this week. The support zone on the Daily ($1,730 - 1735)
+ On the other side, if the price breaks through the Daily support zone, the $ 1,715-1720 zone will become the target for short position.
+ The $ 1,735 mark will be the key technical level we need to watch.
Gold Awaits US CPI
US Real Yields Are Still the Best Guide for Gold Direction
+ A weakness in the US dollar and Treasury yields have led to an increase in demand for bullion this week. A bullish close for the weekly candlestick could help Gold be ready to continue rising this week. The support zone on the Daily ($1,730 - 1735)
+ On the other side, if the price breaks through the Daily support zone, the $ 1,715-1720 zone will become the target for short position.
+ The $ 1,735 mark will be the key technical level we need to watch.