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Farid_alfredo

Gold rises to $1,800 but still keeps moving down in long-term

CFD sur Or (US$/OZ) (TVC:GOLD)  
Farid_alfredo  
TVC:GOLD   CFD sur Or (US$/OZ)
Trend Analysis Chart Patterns Fundamental Analysis goldtrading goldanalysis goldforecast goldsignals goldusd bondyields treasuryyield Descending Channel Contains image
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trendanalysis chartpattern fundamental goldtrading goldanalysis goldforecast goldsignals goldusd bondyields treasuryyield descendingchannel containsimage
Gold began its descending movement since Aug 2020 when it was $2074. Falling US Treasury bond yields seem to be fueling gold's rally in the second half of the week. After bond markets returned to action on Tuesday, the benchmark 10-year US Treasury bond yield lost nearly 6% and was last seen falling 0.9% on the day at 1.525% .
  • Gold has entered into 1830-1845 key zone three times but never broke it. Will it break the descending pattern and reach to the zone again ?
News Credit: www.fxstreet.com
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