Gold Price Forecast: XAU/USD sellers approach $1,955 confluence as yields rebound amid banking, growth jitters Gold XAUUSD YieldCurve RiskAversion Inflation
latest rebound in the US Treasury bond yields, as well as the US Dollar, while extending the previous day’s U-turn from the key resistance zone.
That said, the US 10-year Treasury bond yields add two basis points to 3.40% while the two-year counterpart snapped a three-day losing streak near 3.85% by the press time. Not only the failure to cross the broad resistance area between $2,010 and $1,998, the receding bullish bias of the MACD and a pullback in the RSI from overbought territory also favors the Gold sellers.
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