Gold Weekly Forecast: Gold Prices Preparing for a Break Out?

US Real Yields Are Still the Best Guide for Gold Direction. Despite edging lower towards the backend of the week, price action in gold had been somewhat encouraging with the precious metal attempting to form a double bottom. A culmination of a softer USD and US yields had in large part underpinned gold prices, however, the key area at $1760-65 has continued to cap rallies and thus keeps risks tilting lower.