Gold was down on Friday morning in Asia as a strengthening and rising U.S. yields pressured the yellow metal. Investors also await crucial U.S. inflation data that will be released later in the day.
The market is showing a bear downturn and potential for a selling wave to 1881.0 as well as potential to 1844.0. A drop through 1.886.0 will foster continuation selloffs today. Any congestion under Thursday’s range high will keep the market setup in a bear flag.