The gold price reverse is delayed at the beginning of this week because the increase of Treasury yield result. The performance of that breaks the breakthrough lately is above the resistance. 

The price action happened has been shaping a good technical background for that metal. It is after the double bottom formation gives a path for a quick jump above that resistance noted. 

In more detail it is in $ 1.765. Now, the resistance is behind them so that gold is able to target the level of $1.800 with a support level which before offers a potential support to move higher than before. 

Based on the prediction from some experts, the gold price rally is still far from the certainty. The risk is always there. The United States treasury still becomes the main attention for the gold rise. 

Why? It is because even the small Increase on that return can break the movement of XAU / USD. Besides that, the treasury increase risk is something that must be warned by the market participants. 

Investors Continue To Reduce Their Exposure

The cash flow represents that the investors continue to reduce their exposure to the cost sold in GLD. The gold tracking is even started when the price starts to change higher than before.

The GLD cost has experienced the continuous withdraw since August. That was when the price of gold reached its peak. Meawhile, the increase happened lately has been showing a slow outcash flow. 

The investors continue to withdraw their capital from that cost. In this year, the GLD etf has noted the cashflow for more than $8.4 billion. With that thought, there is a point to note. 

The investors see the price actions lately and they think it is like a short loose for gold than the long – term trend change. However, this situation is still be able to change in the future depends on some factors. 

The Asia – Pacific Market

The Asia – Pacific market may be opened in a lower level on Tyeasty. That was after the Wall street closed its beginning of the week with the bearish tone. The technology stock is sold because of that. 

Meanwhile, the NASDAQ 100 index decreased by 0.96%. On Friday, the market participant see the multi – monthly cashflow in the heavy technology index. Elsewhere, USD moves lower as well. 

In addition, the Financial Department position is also under the selling pressure along the curve outside the two years tenor. That becomes an attention of the most market participants until now. 

The Risk – Off Was Seen

So far, the risk – off movement can be seen in the market. That was seen especially in the New York sales session. Mostly it was contained in the equity room. There is another thing to note. 

The investors may be in a defensive pattern because the sellers are paying attention to the United States salary season. Some market movements are looked potential for the next week period. 

Those are like Intel, American express, Snap, and Netflix. American Express itself can be used as a proxy to measure the shopping habit in America after the last round of the stimulus checking. 

The Reserve Bank Will Release a Note

The Reserve Bank of Australia or also known as the RBA will release some notes from the policy meetings in April. That will be an essential information for several parties in a forex market. 

Japan will see the February tertiary industrial index number accross the cable. That was actually after the data in January that shows the 1.7 percent decline. Sellers will also see another data. 

It is from the Q1 inflation data in the New Zealand. There will be a new policy due to the houses' price. However, market may be focused know that aspect versus the CPI.