Technical Analysis
XAUUSD have big potential to sell around 2420.12. This particular area have big resistance or rejection from the previous level higher time frame, it means lots of buyers took profit and sellers decided to involve in. Based on volume indicator the momentum for buyers is weakening.
Fundamental Analysis
The 10-year U.S. Treasury yield
advanced on Monday as investors weighed the effect of the assassination attempt on former U.S. President Donald Trump. Traders also looked ahead to comments from Federal Reserve officials including Chair Jerome Powell.
The yield on the 10-year Treasury climbed more than 4 basis points to 4.23%. The 2-year Treasury
yield was little changed at 4.57%.
Yields and prices have an inverted relationship. One basis point equals 0.01%.
DISCLAIMER: The information on this analysis is based on research and experience, and it is not guaranteed to be accurate