Gold Market Volatility: Gold's Stability Amidst Rising US Yields
Gold remains stable amidst the downward trend, with US yields on the rise. Reduced tensions in the Middle East contribute to market stability, dampening the demand for gold.
Looking at the 4-hour chart, technical indicators suggest limited potential for price increases. Gold is trading below the simple moving averages (SMA) 20 and 100. Meanwhile, the Relative Strength Index (RSI) is consolidating around the 40 level, indicating significant downward pressure on the gold market.
Looking at the 4-hour chart, technical indicators suggest limited potential for price increases. Gold is trading below the simple moving averages (SMA) 20 and 100. Meanwhile, the Relative Strength Index (RSI) is consolidating around the 40 level, indicating significant downward pressure on the gold market.
