➡️ The dollar appeared to have bottomed early on Wednesday as US Treasury yields surged. The US Dollar Index, which closed the previous three days in negative territory and lost more than 1% over the period, is trading above 103. The underlying yield of 10-year US Treasury bonds is consolidating within 3% after rising 4% on Tuesday.
It is assumed that in the near future DXY will restore growth. Upside potential lies at 104, and one can even look at 105. This strengthening will put pressure on the metals. Thus, it is reasonable to lookin for SELL for Gold and Silver. For Silver, one can go SELL with a Stop Loss at 22$ and a Take Profit at 20.85$.
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👇🔥LINKS TO PREVIOUS IDEAS AND FORECASTS🔥👇
It is assumed that in the near future DXY will restore growth. Upside potential lies at 104, and one can even look at 105. This strengthening will put pressure on the metals. Thus, it is reasonable to lookin for SELL for Gold and Silver. For Silver, one can go SELL with a Stop Loss at 22$ and a Take Profit at 20.85$.
➖➖➖➖➖➖➖
👍Thanks for your comments and likes👍
👇🔥LINKS TO PREVIOUS IDEAS AND FORECASTS🔥👇
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.