Gold Price Futures (GC) Technical Analysis - June 25, 2019 Forecast

From fxempire.com

Gold futures are trading higher shortly before the regular session opening at 12:00 GMT. The early rally drove the market into a new multi-year high. The rally was fueled by a drop in U.S. Treasury yields. This made the U.S. Dollar a less-desirable investment. The Euro also rallied as investors continued to price in a Fed rate cut in late July. At 10:12 GMT, August Comex Gold is trading $1433.00, up $14.80 or +1.04%. The high of the session is $1442.90. Gold prices started to retreat from its high after the Euro reversed to the downside and turned lower for the session. This drove the U.S. Dollar index higher, ... (full story)