Gold Price Forecast: XAU/USD rebound appears elusive amid firmer United States Treasury yields Gold XAUUSD SEO YieldCurve RiskAversion
Easing banking fears tease XAU/USD sellersand European policymakers stretch emergency credit lines to the troubled banks and announced deposit insurance schemes. Recently adding strength to the risk-on mood were comments from the central bank officials pushing back the banking crisis concerns and the Silicon Valley Bank deal.
intraday moves. However, major attention will be given to Wednesday’s Monthly Inflation for Australia and Friday’s Fed’s preferred inflation gauge, namely the Core Personal Consumption Expenditure Price Index.Gold price technical analysis While the theoretical target of an aforementioned triangle breakdown highlights the $1,840 level, the 100-EMA and 61.8%retracement level of the Gold price run-up from late February to early March, respectively around $1,927 and $1,882, could prod the XAU/USD bears.
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