Gold, Yields & Nasdaq

by Ashraf Laidi
May 15, 2024 13:06

Yields are breaking down, and may potentially extend towards 4.32%, which could imply further gains in XAUUSD and NASDAQ, depending on the outcome and inner details of the CPI. EURUSD resistance starts at WEEKLY TRENDLINE resistance from the Jan 2021 high now at 1.0910. AUDUSD resistance also starts at the WEEKLY chart at 6800, provided it breaks above the 100 WEEK MA of 6648.  GBPUSD faces varrier at the 61.8% retracement near 1.2670.

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Gold, Yields & Nasdaq - Gold Yields Nasdaq May 15 2024 (Chart 1)

 

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