Brian hello everyone!
Today, the price of gold is trending downwards, after failing to surpass the resistance level of $1935, it has started a decline and is currently trading at $1925 per ounce. Along with this, there is a recovery of the USD and market sentiment regarding the upcoming decision of the Fed, which has put pressure on the price of gold.
In Brian's personal opinion, the low level of $1905 may be tested once again, and then considered an important support level to push the price of gold back up.
Today, the price of gold is trending downwards, after failing to surpass the resistance level of $1935, it has started a decline and is currently trading at $1925 per ounce. Along with this, there is a recovery of the USD and market sentiment regarding the upcoming decision of the Fed, which has put pressure on the price of gold.
In Brian's personal opinion, the low level of $1905 may be tested once again, and then considered an important support level to push the price of gold back up.
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good luck
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gold is down
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Spot Gold accelerated its slide on Tuesday, with XAU/USD plummeting to $1,900.83, its lowest in almost two weeks.
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