XAUUSD - Steadies with US Dollar Sidelined but an RBA Pause

업데이트됨
The gold price has steadied going into Tuesday’s trading session as markets appear somewhat lacklustre with the US out for a holiday.

Treasury yields have held onto the gains seen going into the end of last week with the benchmark 10-year bond trading near 3.85%. The policy-sensitive 2-year note is back above 4.90% as markets await the Fed meeting minutes that will be released on Wednesday.

Further hopes of an easing in tensions between the US and China took a hit today after Beijing announced restrictions on the export of gallium and germanium.

The metals are vital for semiconductors, telecommunications and electric vehicles. The move appears to be retaliatory measure for the US promoting chip restrictions to China.
코멘트
🐾 SELL GOLD zone 1941 - 1938

⚠️ Stop Loss : 1945

💲 Take Profit 1: 1925
💲 Take Profit 2: 1920
💲 Take Profit 3: 1915
코멘트
It is hard to be structurally bullish on the economy when almost the entire Treasury curve is inverted, despite the fact that yields across the board, short and long-term, have been increasing. Today's issue in the Treasury curve resembles prior stagflationary times with yields across all durations continuing to move higher.
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