Gold Hits Record High Above 2,570 USD
XAUUSD is trading around 2,578 USD after breaking through a key resistance level.
The upward trend remains strong with solid support at 2,560 USD.
There is a possibility of a pullback to this support zone before continuing the rise toward 2,612 USD.
In terms of news: The 10-year US Treasury yield remains in the red, below 3.7%, as markets reassess the likelihood of significant Fed rate cuts, which is boosting XAUUSD higher.
The upward trend remains strong with solid support at 2,560 USD.
There is a possibility of a pullback to this support zone before continuing the rise toward 2,612 USD.
In terms of news: The 10-year US Treasury yield remains in the red, below 3.7%, as markets reassess the likelihood of significant Fed rate cuts, which is boosting XAUUSD higher.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.