Gold is sinking with the US dollar rising and yields moving higher

With both the 200-hour moving average and the 50% retracement level now broken, sellers have seized near-term control. It would take a move back above those levels to ease the downside pressure and improve the technical outlook. Silver is also sharply lower by 6.54% with a decline of -$4.81 but remains above its 200 hour MA at $66.852. This article was written by Greg Michalowski at investinglive.com.

Forexlive22h ago1 min readSingle source

Gold is sinking with the US dollar rising and yields moving higher — Image · Forexlive

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4-point summary · 1 min

With both the 200-hour moving average and the 50% retracement level now broken, sellers have seized near-term control.
It would take a move back above those levels to ease the downside pressure and improve the technical outlook.
Silver is also sharply lower by 6.54% with a decline of -$4.81 but remains above its 200 hour MA at $66.852.
This article was written by Greg Michalowski at investinglive.com.

$4.81$66.85250%6.54%

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Integrity note · The source publication didn't make the full article available — Xela wrote this version from what could be gathered (headline, public summary, and signals). Facts and attributions are preserved; for the original piece in the publisher's own words, read it at Forexlive.

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