Gold exhibited positive momentum during early Monday trading in the Asian market. The consolidation of the US Dollar provided some support for the precious metal. However, the higher yields on US Treasury bonds may limit gold's upward movement in the next session. The XAU/USD is currently trading around $1,940, marking a 0.22% increase for the day. The daily chart for XAU/USD indicates a retesting by the bullish trend, as the pair aims to surpass the 23.6% Fibonacci retracement level of the …
Gold Shows Signs of Recovery Around $1,940 Mark for FOREXCOM:XAUUSD
Gold exhibited positive momentum during early Monday trading in the Asian market. The consolidation of the US Dollar provided some support for the precious metal. However, the higher yields on US Treasury bonds may limit gold's upward movement in the next session. The XAU/USD is currently trading around $1,940, marking a 0.22% increase for the…
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