- Gold price struggles to extend two-day rebound as ascending resistance line from August 2022 prods bulls.
- Fresh concerns about banking crisis, Federal Reserve moves allow United States Treasury bond yields, US Dollar to lick their wounds.
- US preliminary PMIs, Durable Goods Orders will be important for Gold traders to watch for fresh impulse.
Gold price (XAU/USD) struggles to extend the two-day rebound from the 10-DMA as it seesaws around $1,993-94 during early Friday, following the retreat from an upward-sloping resistance line from the last August. In doing so, the XAU/USD tracks the latest consolidation of the US Dollar and United States Treasury bond yields ahead of a busy calendar.
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