Soaring U.S. Treasury yields and a stronger U.S. dollar are gold’s ‘nemeses’. "
Spot gold maintained its intraday decline, with gold prices currently around $1,820 per ounce.
The price of gold continues its downward trend. It is worth noting that the stochastic indicator is currently sending a negative signal, which will push the price of gold to continue the expected bearish trend in the coming period, with the first target at $1809.35 per ounce. If it falls below this level, gold prices may extend their decline to $1,765.20 per ounce.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.