◽️ Gold continues to fluctuate below $1,830 on last week. becasue Riska and the 10-year US Treasury bond yield is up more than 1% on the day, gold limiting to upside.
◽️ Gold is traded in ambiguity But it still keeps its position in these market pressure conditions where the dollar is strong and the yields on treasury bonds are high.
◽️ This week we have a lot of important news on USD. The G7 remarks can also be very important for us. Any sign of a recession could be an impulse gold to the higher
◽️ Technically, gold is in rage. So if you want to make a deal, put your rewards between $1800 and $1871
🔻 Concerns about further gold declines are only rising real interest rates, which weighs on traders’ sentiment.
🔻 Keep eyes on G7 accounts and economic data on this week’s calendar:
🔻 G7 meeting, US Core Durable Goods Orders (Mon), ECB President Lagarde Speaks (Mon), Fed Chair Powell Speaks (Wed), ISM Manufacturing PMI (Fri)