Hello dear readers! Currently, the price of gold is trading with a negative trend for the second consecutive day on Tuesday, despite the lack of follow-through and remaining within the familiar range maintained over the past week. GOLD is currently placed just below $1,940, experiencing a decrease of less than 0.10% in a day and being pressured by a combination of factors including the US dollar.
Comment:
Despite significantly easing the Fed's hawkish bets, the US Dollar remains resilient as fears of a recession in the US have eased.
Comment:
It can be observed that last night, the US dollar had a hot session which put pressure on gold prices, causing them to reach their lowest level in a week.
Comment:
Gold has decreased according to the indicator
