◽️ 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.

Advertisements

◽️ 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

πŸ”» Concerns about further gold declines are only rising real interest rates, which weighs on traders’ sentiment.

πŸ”» Keep eyes on G7 accounts and economic data on this week’s calendar:

πŸ”» G7 meeting, US Core Durable Goods Orders (Mon), ECB President Lagarde Speaks (Mon), Fed Chair Powell Speaks (Wed), ISM Manufacturing PMI (Fri)