With increasing the bond yield market and new number for 8.5% for US10Y gold drop to the 1800 area.
BUT gold doesn't remain in force of Supplier causing this asset to be always a risk hedge asset.
So we higher number for this shiny asset.
NOW the gold price creating a Rising Wedge pattern and is ready to the downside 1788-1794 area again to get power on support area
📉
⚪ The gold forecast is BULLISH
⚪ Fundamental is BULLISH
⚪ The COT report is 205,811 LONG positions
ℹ more info
XAUUSD
BUT gold doesn't remain in force of Supplier causing this asset to be always a risk hedge asset.
So we higher number for this shiny asset.
NOW the gold price creating a Rising Wedge pattern and is ready to the downside 1788-1794 area again to get power on support area
📉
⚪ The gold forecast is BULLISH
⚪ Fundamental is BULLISH
⚪ The COT report is 205,811 LONG positions
ℹ more info
XAUUSD