Gold Price Forecast: Ranging within Triangle, For Now - Levels for XAU/USD

Gold Price Forecast: Ranging within Triangle, For Now - Levels for XAU/USD

From dailyfx.com

Gold prices have made little progress in recent days, sustaining elevation after establishing their monthly lows last week around 1805. Truth be told, gold prices haven’t made much progress for the better part of the past month, continuing to range within the symmetrical triangle carved out since the end of April. The prospect for a significant move higher by gold prices remains limited at best. US real yields – nominal Treasury yields less inflation expectations – continue to press higher, a formidable headwind. It thus remains the case that “any short-term rallies by gold prices retain a ‘sell the ... (full story)

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