YCC was among some of the options touted ahead of Powell's speech yesterday but it certainly wasn't the right stage to be touching on any such actions - for now at least.
The upcoming FOMC meeting on 17 March is going to be a key one to watch for any messaging and views on the bond market. But until then, the status quo from yesterday may very well stay the course for at least another two weeks (or more).
Analyzing the current trading chart of Gold, I found that Gold is doing consolidation below the previous consolidation, which is negative for the Gold.
Support levels: $1,680 and $1,670.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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