Gold Price Forecast: XAU/USD bulls attack 200-SMA as yields retreat By anilpanchal7 Gold YieldCurve Commodities NFP Fed
On the other hand, the US 10-year Treasury yields snap two-day run-up to ease from the highest levels since January to 1.91% at the latest.
Adding to the bullish bias could be the upbeat performance of Chinese equities and a light calendar ahead of Thursday’s USA clear bounce from the monthly horizontal support joins firmer oscillators to keep gold buyers hopeful around 200-SMA, near $1,813 at the latest. Meanwhile, a downside break of the stated horizontal support zone, near $1,783-80, will be crucial for the gold seller’s return.
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