Gold firmly holds above $1710 as buyers eye $1735

Gold prices fluctuate in the New York session amid the uncertainty of midterm elections in the United States. US Treasury yields are rising behind the US Dollar’s surge, which is up more than 0.50% against most G8 peers.

Gold Price Analysis: Testing the 100-day EMA, which, once broken, would shift the bias to neutral-upwards as buyers are in control.

Gold price is trading in the red territory, unable to crack the key resistance level at around $1716, while US Treasury yields edge higher, underpinning the American Dollar, which per the US Dollar Index, tumbled below 110.000 on Tuesday.

Factors like the United States midterm elections grabbed the spotlight, with a tighter-than-expected race weighing on the market mood. At the time of typing, the XAUUSD is trading at $1711.50, fluctuating and gold remains trendless around $1710 awaiting US midterm elections results and CPI