XAUUSD - Daily AnalysisGold vs US DollarPEPPERSTONE:XAUUSDtraders_networkStrong bearish momentum on the daily close. Price retraces to the 0.5 Fib level. If support forms here, price could create a rejection and flip bullish on the daily timeframe. If price continues breaking below the 0.5 Fib level, look for continuation toward the 0.618 Fib level. Fundamental Notes: * US Treasury yields have risen significantly. * Oil prices have spiked as the US-Iran war continues.