Title: Orbex: Gold Drops as $2K Becomes Resistance! #marketinsights
Post by: PocketOption on May 20, 2023, 06:14 am
Post by: PocketOption on May 20, 2023, 06:14 am
Orbex: Gold Drops as $2K Becomes Resistance! #marketinsights
Source: Orbex: Gold Drops as $2K Becomes Resistance! #marketinsights (https://www.orbex.com/blog/en/2023/05/orbex-gold-drops-as-2k-becomes-resistance-marketinsights)
Gold dropped below the psychological $2K level as a firm dollar, and Treasury yields remained on the front foot.
With debt-ceiling negotiations continuing, the threat of potential defaults has pushed up treasury yields.
Will Gold now see firm resistance at $2k, or is a reversal around the corner?
Timestamps
XAUUSD 01:30
DXY 03:05
The post Orbex: Gold Drops as $2K Becomes Resistance! #marketinsights appeared first on Orbex Forex Trading Blog.
Source: Orbex: Gold Drops as $2K Becomes Resistance! #marketinsights (https://www.orbex.com/blog/en/2023/05/orbex-gold-drops-as-2k-becomes-resistance-marketinsights)