Spot Gold (XAU/USD) has a significant indirect correlation with the 10-year US Treasury yield since May 2023. A potential short-term pull-back in US 10-year Treasury yield below a 4.90% key medium-term resistance may offer a “relief mean reversion rebound” on spot Gold. Watch the key support of US$1,810 on spot Gold. In the past two […]
The post Gold Technical: Consolidation in US 10-year Treasury Yield May Offer a Relief Bounce appeared first on Action Forex.
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