Gold prices lose interest as the dollar and Treasury yields rise

The gold price continues to languish going into Tuesday’s trading session as the US Dollar pursues higher ground, assisted by rising Treasury yields.

The metals complex is generally weaker across the board, impeded by the stronger Dollar and deteriorating appetite for risk and growth-orientated assets.

Comment:

🕯 BUY GOLD | 1902 - 1899

🔴 SL: 1894

🟢 TP1: 1909
🟢 TP2: 1919

Trade closed: target reached:

📣 Plan BUY Close Full Hit TP1 + 100pips 😮

Comment:

Gold continues to make downside progress after breaking below the rising support line from February. This has continued to mark a meaningful shift away from what was the dominant uptrend between the end of last year and up until early April. With that in mind, the technical landscape is appearing increasingly bearish.

Comment:

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Comment:

🕯 SELL GOLD | 1920 - 1917
🔴 SL: 1925

🟢 TP1: 1912
🟢 TP2: 1907

🕯 BUY GOLD | 1890 - 1893
🔴 SL: 1885

🟢 TP1: 1898
🟢 TP2: 1903

Trade active:

Plan BUY Running + 30pips ✔️✔️✔️

Trade active:

Close 1/2 + 65pips ✔️✔️✔️ Move SL to Entry 😮

Trade closed: target reached:

Plan BUY HIT TP1 + 80pips ✔️✔️✔️