Gold is still under selling pressure above 1,900 USD
Mis à jour
Darius hello everyone!
Today, gold prices continued to struggle to reach the price level of around 1,915 USD in the early trading session on Tuesday. The precious metal remains weighed down by a recovery in the US dollar and higher US bond yields.
The outlook for XAUUSD is bearish. Looking at the technical picture on the 4-hour timeframe, we can see that the main trend of gold is currently down after breaking the support zone. It is expected to fall to the indicated level after rising again.
Today, gold prices continued to struggle to reach the price level of around 1,915 USD in the early trading session on Tuesday. The precious metal remains weighed down by a recovery in the US dollar and higher US bond yields.
The outlook for XAUUSD is bearish. Looking at the technical picture on the 4-hour timeframe, we can see that the main trend of gold is currently down after breaking the support zone. It is expected to fall to the indicated level after rising again.
Note
good luck everyoneNote
The hawkish stance of the US Federal Reserve (Fed) at the recent monetary policy meeting will continue to be a catalyst to push bond yields and the USD higher, putting great pressure on precious metals.Note
Good deal for you
Note
active transactionNote
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.