“¢ A modest USD profit-taking helps regain positive traction on Tuesday. “¢ The up-move seemed rather unaffected by the prevalent risk-on mood. “¢ A pickup in the US bond yields does little to hinder the positive move. Gold built on its steady intraday ascent and climbed to fresh session tops, around $1314 level in the last hour, recovering all of the losses recorded in the previous session. The precious metal regained positive traction on Tuesday, marking the third day of up-move in the previous four, and was now being supported by a modest US Dollar retracement from the highest level since December. Despite news of the deal to avert a fresh government shutdown, the greenback witnessed some profit-taking and was seen as one of the key factors boosting demand for the dollar-denominated commodity. Meanwhile, bullish traders seemed rather unaffected by the prevalent risk-on mood, as depicted by strong gains across equity markets amid growing optimism over a possible resolution to prolonged US-China trade disputes. Even a strong follow-through pickup in the US Treasury bond yields did little to dampen the positive mood surrounding the non-yielding yellow metal or hinder the goodish intraday up-move to $1315 supply zone. Moving ahead, speeches by several FOMC officials, including the Fed Chair Jerome Powell, will now be looked upon for some meaningful impetus amid absent relevant market moving economic releases. Technical levels to watch A follow-through buying has the potential to continue lifting the commodity further towards $1321 supply zone en-route multi-month tops, around the $1325-26 region. On the flip side, $1308 level now seems to protect the immediate downside and is followed by support near the $1304-03 region and the $1300 handle. 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 BoE’s Carney: Direction of monetary policy is not clear in event of hard Brexit FX Street 4 years "¢ A modest USD profit-taking helps regain positive traction on Tuesday. "¢ The up-move seemed rather unaffected by the prevalent risk-on mood. "¢ A pickup in the US bond yields does little to hinder the positive move. Gold built on its steady intraday ascent and climbed to fresh session tops, around $1314 level in the last hour, recovering all of the losses recorded in the previous session. The precious metal regained positive traction on Tuesday, marking the third day of up-move in the previous four, and was now being supported by a modest… 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.