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Orbex: Gold Drops as $2K Becomes Resistance! #marketinsights

Name: Orbex: Gold Drops as $2K Becomes Resistance! #marketinsights
Uploaded: 2023-05-18
Channel: David Kindley
Description: Gold dropped below the psychological $2K level as a firm dollar, and Treasury yields remained on the front foot.With debt-ceiling negotiations continuing, the threat of potential defaults has pushed up treasury yields.Will Gold now see firm resistanc

VideoTechnical Analysis

By David Kindley Last updated May 18, 2023

Gold dropped below the psychological $2K level as a firm dollar, and Treasury yields remained on the front foot.

With debt-ceiling negotiations continuing, the threat of potential defaults has pushed up treasury yields.

Will Gold now see firm resistance at $2k, or is a reversal around the corner?

Timestamps
XAUUSD 01:30
DXY 03:05

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David Kindley

Market Strategist at Orbex David Kindley is a renowned fundamental analyst with over 10 years of trading experience in the financial markets. With a keen eye for macroeconomics and a special focus on trading psychology, David is passionate about helping everyday investors make informed trading decisions through his thorough research and analysis.

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