GOLD : New bull momentum or pullback? (Comment your Thoughts)

Gold price took a further hit on Thursday and Friday, as US Treasury yields on the 10-year note tracked up once more The US 10-year Treasury Note was up 1.18% as of the time of writing, as investors have begun to bet that infrastructure spending plans due to be announced this week by the US government would produce a faster-than-expected economic recovery and drive up inflation expectations.

The US President Joe Biden is due to unveil plans of infrastructure spending under his administration, which could see as much as $4 trillion being spent on roads, bridges and initiatives to combat climate change. The initiative could drive up the budget deficits, which would need to be bridged. Issuance of bonds has traditionally been a funding gap used by governments to bridge such deficits, and if this were to be done in the US, the cost of bond notes (bond yields) could rise a lot more.

Gold price on the XAU/USD is now pushing higher because of a tecnical support but also a strong risk off a new covid wave in Europe.

Personally I was expecting and sharing XAUUSD mouvements and how i'm patiently waiting for gold to hit the next strong zone. check my intraday buy idea in the comment section
Are you more bullish or bearish?