Orbex: Gold Drops as $2K Becomes Resistance! #marketinsights

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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

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Source: Orbex: Gold Drops as $2K Becomes Resistance! #marketinsights