Gold Getting Rotational Around The Highs

Trader • Feb 23, 2022 at 4:08 AM EST

The price of the Gold Futures fell about 0.4% in the early European trading session.

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The price of the Gold Futures fell about 0.4% in the early European trading session. The market is pressured by the higher yield and the swing highs back from May of the prior Year which giving the market a mixed sign to a rotational behavior.

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Traders might be leaning on the extremes of the balanced price range on the hourly. Currently the market hitting the lower extreme with VWAP conflunce which could drive the price to a rotation higher. Swing lows still may be targeted for absorption purposes.

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Disclosure: All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options, and foreign exchange products. Past performance is not indicative of future results.