💡 Chart of real yield and gold
✍️ Since the real yield and gold are almost inversely correlated, it seems that with the growth of the real yield, gold may decrease more (if geopolitical tensions do not increase), it is currently in the range of 1740. But strong upward momentum is not seen in candles.
✍️ If the current conditions continue, the levels of 1720-1700 are the next important support ranges for gold. And based on the previous analysis, it is very likely to break the floor of 1700, in which case the price will move towards the target of 1600.
✍️ According to the previous analysis, the decline of gold happened from the supply range of 1800 dollars and so far it has fallen by about 700 pips.
#XAUUSD
#GOLD
#Real_yield
✍️ Since the real yield and gold are almost inversely correlated, it seems that with the growth of the real yield, gold may decrease more (if geopolitical tensions do not increase), it is currently in the range of 1740. But strong upward momentum is not seen in candles.
✍️ If the current conditions continue, the levels of 1720-1700 are the next important support ranges for gold. And based on the previous analysis, it is very likely to break the floor of 1700, in which case the price will move towards the target of 1600.
✍️ According to the previous analysis, the decline of gold happened from the supply range of 1800 dollars and so far it has fallen by about 700 pips.
#XAUUSD
#GOLD
#Real_yield
