Daily Gold Overview

1️⃣ Fear of inflation, yields rebound, USD surpasses 93 - The dollar continued to rise higher at the beginning of the European session on Tuesday, hitting a one-year high against the Japanese yen, when US bond yields started to rise again on inflation fears. 2️⃣ Today's notable facts and data...

‼ Ending the session yesterday, gold precious metal had another strong decline session when from 1714 to 1678 ($ 36) tested the "old bottom" earlier this month on March 8, 2021. This is the 4th time in nearly a year that the world gold price has re-tested this support zone. In my personal...

‼ Ending the session yesterday, gold precious metal had a pretty nice dropping day as analyzed from 1733 to 1705 ($ 28) to close the session at 1710 with a strong drop. This downside span is clear and necessary when the price increases from the "bottom" zone of 1676 to 1755 without any specific...

‼ After touching the short-term support zone at 1725 gold precious metal has rebounded from 1723 to 1738 ($ 15) to close the daily candle around 1733. With the end of the daily candle around this price zone, in my personal opinion, would still maintain the bearish stance as reported yesterday. -...