Gold Pressured By Higher Dollar And Yield

By Seb of The Private Banker

Trader • Jul 19, 2022 at 8:14 AM EDT

Gold monthly view is down by about 5%, trading around $1714 a unce and heading lower since about four months in the row, testing the bracket lows in the median-term balanced price range for buyers.

Gold monthly view is down by about 5%, trading around $1714 an unce and heading lower for about four months in the row, testing the bracket lows in the median-term balanced price range for buyers. The lower macro value extreme might be targeted by sellers which is confluent with the monthly EMA50. The rising US Government yield might be a pressure factor as well as the rising dollar. Volatility is seemingly slightly bullish for the market in today’s session.

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