However, the FBM Emas Shariah Index decreased 2.53 points to 12,927.87, the FBM ACE erased 48.53 points to 7,897.63 and the FBM 70 declined 29.15 points to 14,946.69.
At this price range as I said, at this price range we will not buy-in with Gold anymore, but just wait for the selling beats when Gold tends to get closer to the trendline channel stretching from August 2020 to the present. Here, in my opinion, Gold will have downward swings, so we can establish a pending sell state around 1855-1860.
Today is the last trading session of the week, so there will be profit-taking steps at the end of the day, please note and my expectation Gold will have 179x in today's session.
Treasury yields advanced and the dollar traded near the lowest levels of this year. Investors are awaiting an inflation report and government debt sales in the US