Gold extends gains towards $1800 as Treasury yields ease. XAU/USD is likely to face stiff resistance near $1795-$1800, FXStreet’s Dhwani Mehta reports. See – Gold Price Analysis: US Treasury yields and USD to ease later in the year, allowing for XAU/USD gains – HSBC Growing covid concerns weigh on stocks, yields “The US rates could resume their decline should the risk-off mood worsen, benefiting gold further. The relentless rise in the covid cases threatens to derail the global economic recovery, which unnerves the investors. Amid a lack of relevant economic data, gold will continue to follow the yields for fresh directives.” “Gold remains on track to test the rising wedge hurdle at $1797 en-route $1800.” “The price has managed to hold above the 21-simple moving average (SMA) at $1775, with the bullish Relative Strength Index (RSI) pointing towards extra gains.” “A four-hourly candlestick close below the 21-SMA at $1775 will recall the sellers.” “The confluence of the wedge support and 50-SMA at $1757 could emerge as strong support.” 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 USD/INR set to test the 76.72 all-time high – Credit Suisse FX Street 2 years Gold extends gains towards $1800 as Treasury yields ease. XAU/USD is likely to face stiff resistance near $1795-$1800, FXStreet's Dhwani Mehta reports. See - Gold Price Analysis: US Treasury yields and USD to ease later in the year, allowing for XAU/USD gains - HSBC Growing covid concerns weigh on stocks, yields "The US rates could resume their decline should the risk-off mood worsen, benefiting gold further. The relentless rise in the covid cases threatens to derail the global economic recovery, which unnerves the investors. Amid a lack of relevant economic data, gold will continue to follow the yields for fresh… 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.
