Harga emas turun ketika dolar naik berikutan laporan gaji peribadi ADP. Dolar terus melantun, dan nampaknya kadar pertukaran emas dan dolar telah merosot. US 10-year yields bergerak lebih tinggi, sementara 2-year yield tidak berubah. Cadangan dalam jangka panjang kemungkinan disebabkan oleh pengumuman oleh perbendaharaan bahawa ia akan mengeluarkan 10-year yields. Bagi analisis teknikal, ini adalah kemas kini bahawa harganya telah bergerak ke bawah sebelum melangkah lebih jauh untuk menyelesaikan keseluruhan correction.
Gold prices dropped as the dollar rallied following ADP’s private payroll report. The dollar continued to rebound, and it appears that gold and the dollar exchange rate has decoupled. The US 10-year yields moved higher, while the 2-year yield was flat. The backup in the long end was likely due to an announcement by the treasury that it would be issuing 10-year yields. As for technical analysis, this is an update that the price has moved downwards before going up further to complete the whole correction.
Gold prices dropped as the dollar rallied following ADP’s private payroll report. The dollar continued to rebound, and it appears that gold and the dollar exchange rate has decoupled. The US 10-year yields moved higher, while the 2-year yield was flat. The backup in the long end was likely due to an announcement by the treasury that it would be issuing 10-year yields. As for technical analysis, this is an update that the price has moved downwards before going up further to complete the whole correction.