Gold's general commentary :-
* Price baked to last support line.
* I see that price can retest it and turn trend again.
* Gold can start falling at 1828 resistance area and will be reach support zone soon.
Surprising market reaction on faster rate hikes and Bond Yields Buying acceleration program (U.S. Senate agreed for lifting debt ceiling even further) and for this kind of Price-action sentiment I have only one explanation from Technical side, strong rejection came from.
I hope this rejection will go up to 1766 support area.
Have a great day!
* Price baked to last support line.
* I see that price can retest it and turn trend again.
* Gold can start falling at 1828 resistance area and will be reach support zone soon.
Surprising market reaction on faster rate hikes and Bond Yields Buying acceleration program (U.S. Senate agreed for lifting debt ceiling even further) and for this kind of Price-action sentiment I have only one explanation from Technical side, strong rejection came from.
I hope this rejection will go up to 1766 support area.
Have a great day!