Gold is trading lower today, although it has recovered from its session lows. The metal is currently down around $30 as rising U.S. Treasury yields and a stronger U.S. dollar continue to weigh on prices. The low for the day reached $4,136.70 before rebounding, while the high came in at $4,221. From a technical perspective, gold remains under pressure. On the hourly chart, the price continues to trade below the falling 200-hour moving average, currently at $4,231.55. The 100-hour moving average sits higher at $4,254.65, and both averages are sloping downward, reinforcing the bearish bias. As long as the price remains ... (full story)