Gold was down on Tuesday morning in Asia, dropping to its lowest level in more than two weeks. Investors turned away from the safe-haven asset as the quickening vaccine rollout and the prospect of more stimulus measures in the U.S. saw the dollar strengthen and Treasury yields climb.
The market is short term bearish with the break creating potential wash to 1676.0. Trade is poised for continuation selloffs. Minor corrections contained by 1730.0 should bear flag a setup for selloffs. A close over 1744.0 signals a short term upturn.