World gold fell slightly under the pressure of factors outside the market such as the recovery of the dollar and increased bond yields. Early this morning, the US Dollar Index, which measures the volatility of the greenback with 6 major currencies rising to 103.63%, reduced the attractiveness of gold to buyers holding other currencies. Meanwhile, 10-year US Treasury yields rose to 3,776 also put pressure on this precious metal.
The world precious metal market in the first session of the week was relatively quiet before the US central bank's monetary policy meeting and the country's important inflation reports.
Gold's next direction will largely depend on the Fed's policy decision this week, and that decision will be based on inflation data to be released ahead of the meeting.
The fundamental price introduction's next upside objective is to create a close above solid resistance at $2,000 an ounce.
XAUUSD BUY LIMIT 1950 - 1953 💯💯
✅𝖳𝖯1 1958
✅𝖳𝖯2 1965
✅TP3 1972
🛑𝖲𝖫 1940
The world precious metal market in the first session of the week was relatively quiet before the US central bank's monetary policy meeting and the country's important inflation reports.
Gold's next direction will largely depend on the Fed's policy decision this week, and that decision will be based on inflation data to be released ahead of the meeting.
The fundamental price introduction's next upside objective is to create a close above solid resistance at $2,000 an ounce.
XAUUSD BUY LIMIT 1950 - 1953 💯💯
✅𝖳𝖯1 1958
✅𝖳𝖯2 1965
✅TP3 1972
🛑𝖲𝖫 1940
