Gold is attempting a technical rebound, but rising bond yields continue to act as a major headwind. Higher yields reduce the appeal of non-yielding assets, capping gains despite short-term recovery. Market sentiment remains cautious, with traders watching key resistance levels for signs of continuation or rejection.
Trade Idea
Bias: Sell on rise
Reason: Rising yields limit upside momentum
Plan:
Sell near resistance levels
Buy only if strong breakout above resistance occurs
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