Gold (XAU/USD) is currently testing the $1973/72 support which would open the door toward $1966. Further down, a break below $1960 would dissipate the bullish bias. On the fundamental side, the yellow metal finds support from the US 10-year real or inflation-adjusted yield which hits record low of -1%, FXStreet’s Dhwani Mehta briefs. Key quotes “The negative US 10-year real yields, which wallow near record lows of -1%, are indicative of dour macro outlook, thus, underpinning the safe-haven bids for gold. Fresh US-China concerns over the Hong Kong and Tik-Tok issue could likely benefit the precious metal going forward. Next of relevance for traders remains the US Factory Orders data and ongoing US stimulus negotiations.” “Gold is teasing a descending triangle breakout near $1976 levels, with the Relative Strength Index (RSI) still holding up above the midline in the bullish territory.” “A technical breakout above the $1978 level could open doors for a retest of the record highs en route the $2000 barrier.” “The immediate downside sees powerful support at $1973/72, the confluence of the 21 and 50-hourly Simple Moving Averages (HMA). The next support awaits at $1966, the horizontal 100-HMA, which will test the bears’ commitment. A break below the horizontal trendline support at $1960 will negate the near-term bullish bias, opening floors for further correction.” 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/CHF to correct higher near-term, resistance seen at 0.9383 – Commerzbank FX Street 2 years Gold (XAU/USD) is currently testing the $1973/72 support which would open the door toward $1966. Further down, a break below $1960 would dissipate the bullish bias. On the fundamental side, the yellow metal finds support from the US 10-year real or inflation-adjusted yield which hits record low of -1%, FXStreet’s Dhwani Mehta briefs. Key quotes “The negative US 10-year real yields, which wallow near record lows of -1%, are indicative of dour macro outlook, thus, underpinning the safe-haven bids for gold. Fresh US-China concerns over the Hong Kong and Tik-Tok issue could likely benefit the precious metal going forward. Next… 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.