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Gold pushing above 1700 as US Treasury yields easing off – GOLD Market Outlook – 09/03/2021

SquaredFinancial

Gold hit our first and second short support targets, holding a tat above $1674 at near 9-month lows as US Treasury yields and the greenback eased off, with the former printing below 1.55% and the latter failing to breach 92.50. Technical indicators favor higher prints on the yellow metal ahead of tomorrow’s CPI data, with an hourly close above $1700 to confirm bullish momentum.

Support: 1690 / 1684 / 1674
Resistance: 1700 / 1710 / 1718

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/gold-pushing-above-1700-as-us-treasury-yields-easing-off-gold-market-outlook-09-03-2021
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