The Gold Price Continues to be Under Pressure!!
Monday (December 16) Asian morning trading, spot gold narrow oscillation, currently trading in the vicinity of 2650.30 U.S. dollars / ounce. Gold prices hit a new high of 2726.05 more than five weeks last Thursday after profit-taking, on Friday to continue the downtrend, the lowest touched 2646 U.S. dollars near, for nearly a week low, U.S. bond yields continue to rise, and refresh the nearly three-week highs, so that the gold price continues to be under pressure.
From a technical point of view, gold prices still have the risk of retracement in the short term, but 2605-2666 is the previous oscillation range, but also a dense turnover area, need to pay attention to. $Gold - main 2502(GCmain)$ $XAU/USD(XAUUSD.FOREX)$
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