Risky assets, such as the S&P 500, were under pressure on Tuesday as investors anticipated a hawkish policy stance from the FOMC minutes, which will be released on Thursday. Because inflation remains resistant and the labor market remains extraordinarily tight, the Federal Reserve may consider more interest rate increases to compensate for a robust Consumer Price Index (CPI). Despite a risk-aversion theme in the global market, 10-year US Treasury yields fell to 3.75%.

 GOLD price is under pressure now, with stochastic negativity pointing to a potential test of key support at $1,824.50. At the same time, the EMA50 continues to provide positive support, keeping the bullish trend scenario valid and conditioned by the price stability above the mentioned support and, most importantly, above $1,812.25; trying to remind you that our waited targets proceed at $1,850 and extend to $1,900. Today’s trading range is likely between $1,830 support and $1,865 resistance.