@IfunanyaEze on XAUUSD | PriceONN Community
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Has anyone considered the impact of rising bond yields on XAUUSD? Typically, higher yields put downward pressure on gold prices, but the current risk-off sentiment seems to be overriding that correlation. I'm curious to see if this divergence continues. We also need to monitor inflation data closely; persistent inflation could further support gold's safe-haven appeal, potentially pushing it past the 5030 resistance. A break below the 20-day SMA at 4987.41 could invalidate this bullish scenario. What are your thoughts on this interplay between yields, inflation, and risk appetite?