Technical Analysis
XAUUSD have big potential to buy around 2370. 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
U.S. Treasury yields were higher on Monday as investors looked ahead to key economic data due throughout the week, including fresh inflation insights.
The yield on the 10-year Treasury
was up by less than 1 basis point at 4.281%. The 2-year Treasury
yield also climbed more than 2 basis points to 4.62%.
Yields and prices move in opposite directions. 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