Gold Price Forecast: XAU/USD Bears in control while price is below $1,760

From fxstreet.com

The price of gold on Tuesday is in the hands of the US dollar that has been benefiting from higher US yields following the latest comments from Federal Reserve officials which include Fed chair Jerome Powell's. At the time of writing, XAU/USD is sat near $1,750 and in the bearish territory while below $1,760. Gold has recently enjoyed some hidden bullish divergence on the hourly time frame which has given the yellow metal some support in the US session. Gold on Wall Street travelled between a low of $1,744.88 and $1,760.91 on the day so far. Nevertheless, the pressure is on for the bulls with the price technically ... (full story)