Gold added to the previous day’s losses and lost some additional ground for the second consecutive session on Tuesday. XAU/USD is back closer to the $1700 mark and the next relevant target for XAU/USD bears is $1677-76, FXStreet’s Haresh Menghani briefs. See – Gold Price Analysis: XAU/USD to remain under pressure amid rising US real yields and a strengthening USD – Credit Suisse Key quotes “Market participants now look forward to the US economic docket, highlighting the release of the Conference Board’s Consumer Confidence Index. The data might influence the USD price dynamics and provide some impetus to the metal. Traders will further take cues from the US bond yields and the broader market risk sentiment. The key focus, however, will remain on Friday’s release of the closely-watched US monthly jobs report (NFP).” “Some follow-through selling below the $1700 mark will reaffirm the negative outlook and turn the yellow metal vulnerable to accelerate the fall back towards challenging multi-month lows, around the $1677-76 region touched earlier this month.” “The trading range support breakpoint, around the $1720 region, now seems to act as immediate strong resistance. Any further recovery move will now be seen as a selling opportunity and remain capped near the $1732-33 supply zone. That said, a sustained move beyond might trigger a short-covering move and push the metal back towards challenging the $1745-47 strong horizontal resistance.” 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 US Dollar Index: Upbeat employment data to underpin the greenback this week – Rabobank FX Street 1 year Gold added to the previous day's losses and lost some additional ground for the second consecutive session on Tuesday. XAU/USD is back closer to the $1700 mark and the next relevant target for XAU/USD bears is $1677-76, FXStreet's Haresh Menghani briefs. See - Gold Price Analysis: XAU/USD to remain under pressure amid rising US real yields and a strengthening USD - Credit Suisse Key quotes "Market participants now look forward to the US economic docket, highlighting the release of the Conference Board's Consumer Confidence Index. The data might influence the USD price dynamics and provide some impetus to the metal.… 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.