Gold Chart Analysis
Gold is moving up and down between the Resistance and Support Levels.
Gold is bouncing back from the Support Zone 1850
Let’s wait for the confirmation of breakout from this Ranging movement for entering long term trade on Gold.
Gold prices fell further as US real yield surged higher by the impact of US elections.
Investors kept funds over higher yields than Gold yields. US treasury yields gain higher indicates the rise in inflation.
The Gold prices may fall further if US Treasury yields may increase.
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