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
