Despite some sharp swings witnessed earlier last week, key levels for gold remain unharmed. The next significant XAU/USD move depends on US T-bond yields, FXStreet’s Eren Sengezer reports. See – Gold Price Analysis: XAU/USD to hover around $1850 by end-March 2022 – Deutsche Bank Key quotes “Several members of the FOMC, including Chairman Powell, will be delivering speeches on Monday and later in the week. Powell is unlikely to change his tone only a few days after the policy meeting but market participants will keep a close eye on bond yields. The benchmark 10-year US T-bond yield seems to have met strong resistance at 1.75% and a break above that level could provide a boost to the USD and weigh on gold.” “On Thursday, the US Bureau of Economic Analysis will publish its final reading of the fourth-quarter Gross Domestic Product (GDP) growth. More importantly, the Core Personal Consumption Expenditures (PCE) Price Index, the Fed’s preferred gauge of inflation, will be looked upon for fresh impetus. The market consensus points to an unchanged reading in the Core PCE Price Index at 1.5% on a yearly basis in February. The USD could benefit from a higher-than-expected print and vice versa.” “On the upside, the first hurdle is located at $1,745 (Fibonacci 38.2% retracement of the Feb. 2-Mar. 8 downtrend). If XAU/USD manages to clear that resistance, the next target could be seen at $1,767 (Fibonacci 50% retracement) ahead of $1,790 (50-day SMA, Fibonacci 61.8% retracement).” “Support could be seen at $1,720 (Fibonacci 23.6% retracement) and $1,700 (Mar. 12 low, psychological level).” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD set to resist dollar storm on vaccine milestone, improving technicals Yohay Elam 1 year Despite some sharp swings witnessed earlier last week, key levels for gold remain unharmed. The next significant XAU/USD move depends on US T-bond yields, FXStreet's Eren Sengezer reports. See - Gold Price Analysis: XAU/USD to hover around $1850 by end-March 2022 - Deutsche Bank Key quotes "Several members of the FOMC, including Chairman Powell, will be delivering speeches on Monday and later in the week. Powell is unlikely to change his tone only a few days after the policy meeting but market participants will keep a close eye on bond yields. The benchmark 10-year US T-bond yield seems to have… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.