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Can XAU/USD Reclaim the 200-Day EMA as US Yields Ease?
The gold market fell to kick off the week, as the interest rate markets spiked right away. However, since the Americans don’t look likely to intervene with the latest conflict between the Iranians and Israelis. With this and the interest rates initially spiking during the day it makes sense that gold price fell but we have since seen the market turn right back around, and as a result the market is likely to continue to see this as a market that will move on the latest headlines, not directly but by what it does to the interest rate markets. The US 10-year has risen since and we have stabilized, so we will just have ... (full story)
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- Jun 9, 4:56am | 2 hr 12 min ago Posted byTechnical Analysis80
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