The price of gold blowing thru all support levels this morning as the U.S. Dollar and Treasury yields explode to the upside.
At the time of this report, the Ten-Year Treasury bond is approaching 3.06 percent, that’s a big 5 handle move to the upside and the U.S. Dollar is also surging higher.
New support levels in the price of Gold are now $ 1288.00.
At this point I expect that all the stops were triggered as we sold off and we expect some buying interest to appear as some traders try to bottom pick in an oversold market.
Have a wonderful Tuesday.
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