The dollar shot up to a near two-month high after the minutes, while benchmark 10-year Treasury yields reached their highest levels in nearly 10 months. Yields were also close to reaching levels last seen during the 2008 financial crisis.
The prospect of higher U.S. interest rates bodes poorly for gold, given that it increases the opportunity cost of investing in non-yielding assets. This notion had battered the yellow metal through 2022, and is expected to keep weighing on gold until the Fed decides to begin trimming rates.
after breaking through important price zones, Gold continues to be under pressure from the dollar, continuing its downtrend , Let's wait for gold to retest 1900 ⚡️ set up a sell order at the price range 1900 - 1992 . ⚠️ SL 1910. ✔️ TP 1890 ⚡️
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