> Gold is lower as yields move higher, the dollar moves higher. What about the technicals?

Gold is lower as yields move higher, the dollar moves higher. What about the technicals?

Name: Gold is lower as yields move higher, the dollar moves higher. What about the technicals?
Uploaded: 2024-01-17T15:59:14.000Z
Description: Gold is lower as yields move higher, the dollar moves higher. What about the technicals?

Greg Michalowski

Wednesday, 17/01/2024 | 16:01 GMT

The price of gold has moved lower today and in the process is trading at its lowest level since mid-December. The higher US rates and higher dollar are helping to trigger sales. The next target comes against the $2000 level. Below that mark the 100 and 200-day moving averages at $1972 and $1964. On the topside close resistance comes in at $2016.87.

The video above outlines the technical levels and explains the bias, risks and targets.