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Читать полностью…25 pips for first catch! Lets hunti g form more 💪Please make sure to set breakeven to some entry and close the rest ✅
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Elevated Treasury Yields Signaling More Gold Weakness?
- Gold prices experienced their sharpest weekly decline in over three years, dropping 4.52% ($121.23) to close at $2,563.22. The sell-off was driven by rising Treasury yields, a stronger U.S. dollar, and shifting Federal Reserve policy expectations.
- The 10-year U.S. Treasury yield climbed to 4.505%, increasing the opportunity cost of holding gold. Meanwhile, the Dollar Index (DXY) surged to a one-year high of 107.064, reducing gold’s appeal to international buyers. Strong economic data, including better-than-expected retail sales and persistent inflation pressures, further supported the dollar and reduced expectations for near-term Fed rate cuts.
- Technical View, gold remains under pressure, with critical support at $2,533.76. A break below this level could lead to further declines toward the 50% retracement level at $2,387.23. Resistance levels are noted at $2,571.68 and $2,631.04. The short-term outlook is bearish, with sustained dollar strength and elevated yields likely to weigh on prices. However, stabilisation at current levels might spark a technical rebound above $2,571.68 to 2600.
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CONTACT SUPPORT
GBPJPY BUY NOW IN ZONE 195.186-194.767
(SCALPING)
TP 1 : 195.366
TP 2 : 195.559
TP 3 : OPEN
SL : 194.357
Layering running 40 pips, yeahh, Close half of your entry and hold the rest with breakeven✅
Читать полностью…TP bro ! Again TP and TP 😎 Gold drop our second setup. Easy right ? Enjoy profits !
[+23pips gold drop]
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