Gold trades lower
Gold breaks significant resistance at $1950 after long consolidation despite a surge in US bond yields.
Technical:
The near–term support is around $1940 (yesterday's low),
The yellow metal faces strong resistance of $1961 (38.2% fib),
sell around $1950-51
SL $1975
TP $1850.
Technical:
The near–term support is around $1940 (yesterday's low),
The yellow metal faces strong resistance of $1961 (38.2% fib),
sell around $1950-51
SL $1975
TP $1850.
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