Gold lost ground against the greenback as 10yr treasury yields climbed.
XAUUSD dropped below key support level of 1800 (last tested 16 May) before rebounding back to 1807.
As the dollar dominance is expected to continue, look for this trend to continue with further downside anticipated. A good sell signal would be valid if price breaks below 1800.
Next support is at 1770.00
XAUUSD dropped below key support level of 1800 (last tested 16 May) before rebounding back to 1807.
As the dollar dominance is expected to continue, look for this trend to continue with further downside anticipated. A good sell signal would be valid if price breaks below 1800.
Next support is at 1770.00
