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Trouble brews for gold

As markets are still digesting the aftermath of the Fed decision yesterday, gold is finding it rough to stay afloat as Treasury yields are continuing to hold up. Gold had previously found support from its 100-day moving average (red line) in recent weeks but that level appears to be giving way now.And from a technical perspective, that will be a massive blow to buyers in trying to maintain their resolve of searching for a rebound after the fall since May.A firm break and hold below the key techn... Read More

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Posted: Jun 15 2023, 11:51

Author Name: forexlive

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