GOLD - Break the trend, create a downtrend

Gold prices are being weighed down by a stronger dollar, making the precious metal less attractive to buyers. The dollar index rose 0.2%, creating a "headwind" for bullion.

The minutes of the Fed meeting are expected to reveal the heated debate regarding the possibility of the Fed continuing to raise interest rates. This could cause gold to fall in the short term

Comment:

Due to the forecast, the unemployment rate in June remains at a low of 3.7% and is on par with the previous month. As a result, investors are worried that the Fed will still raise interest rates. In fact, if the employment data is positive, gold will fall deeply.