Hello everyone. Gold has suffered a $30+ loss today with US 10Y yield and the dollar index surge. Normally, gold has negative correlation with the two. especially the dollar index. Please refer to the below line chart.
On the daily chart, we can clearly see that gold failed to challenge previous high again located around 1832. Looking below, price is likely to seek the support in the zone of 1771-1782.
What do you think? Give me a like if you're with me.
On the daily chart, we can clearly see that gold failed to challenge previous high again located around 1832. Looking below, price is likely to seek the support in the zone of 1771-1782.
What do you think? Give me a like if you're with me.
Note
Zone has been touchedNote
Four inside bar formation...still waiting for something.
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plan your trade and trade your plan
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.