‼️SIMPLE AND CLEAN DAILY ANALYSIS ON GOLD.. ‼️
Gold has once declined after hitting a fresh 6-year high of $1452 as the chance of 50bpbs rate cut in Jul has diminished. According to the CME Fed watch tool, the probability of the 50bpbs rate cut has declined to 22.5% from 24% on Friday. US 10 year yield is trading steady and jumped more than 2% in the past two trading days.
On the flip side, near term support is around $1430 and any break below will drag the yellow metal to the next level till $1420 and then 1400, A successful break of 1400 should lead us to TP…. let’s bag the bitch and trade simple, always remember less is more 👌 Forever grateful for you all 🙏‼️
ANALYSIS RUNNING IN MASSIVE PROFIT