💰 $XAUUSD pauses a four-day losing streak but holds near monthly lows just above $1,900 📊 Downside risks remain intact, but a pullback cannot be ruled out 🔍 Focus shifts to US sentiment data Full forecast ⏩ Forex Commodities
Hawish Fedspeak outweighs soft United States Consumer Price Index
Gold buyers failed to retain control and yielded into the bearish pressures after the US Dollar jumped back into the game, tracking an impressive recovery in the US Treasury bond yields after San FranciscoPresident Mary Daly came to their rescue.
recovery needs to crack the $1,930 round figure, above which the downward-sloping 50 DMA at $1,941 will be the next key hurdle.Alternatively, daily closing below the key support of the $1,910 level will challenge the critical 200 DMA at $1,900.Feed news
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