Skip to content
XAU/USD vulnerable, hits 3-week lows below $1,750

XAU/USD vulnerable, hits 3-week lows below $1,750

  • The dollar rises across the market on Friday.
  • XAUUSD accelerates to the downside and tests $1,750.
  • A combination of risk aversion and elevated yields makes the price look vulnerable to the downside.

The IS óro falling again on Friday and a three-week high at $1749, with the impact of the stronger dollar background across the market. Gold is on track to end the week sharply lower, shedding four consecutive gains. The rate, currently, is $50.

Combining production of bonds kings higher and irresponsible pressing the óro and also with other financial assets and emerging market currencies.

The dollar is better in every aspect. DXY trades at 107.89, at a one-month high, representing a gain of 0.35%. The US 10-year bond yields 2.93% and the 30-year bond yields 3.17%. Wall Street futures show a negative opening with losses of 0.80% on average.

The yellow metal has been testing the $1750 zone, and it looks like it will bear down. Next support HAUUSD it can be seen for $1745, and the next one in the area is $1730. In the opposite direction, now $1,770.

Technical levels

Start investing your money in cryptocurrencies and get Free Bitcoin when you buy or sell 100$ or more if you register in Coinbase