Gold

Gold printed $30 lower in yesterday’s session, hitting our short support targets on its way, as a spike in treasury yields continued to weigh down on the yellow metal. Better than expected Initial Jobless Claims, coming in at 730k vs. a previous of 861k also dented demand on the safe haven, as a failure to breach 1767 resistance level will keep bearish momentum strong.

Support: 1760 / 1750 / 1740 Resistance: 1767 / 1773 / 1780