⚡️Gold continued to fall at the opening of 2 trading sessions this morning from the price range of 1848 to 1843 and is sideways in this range. H4 chart shows that, due to the weakness of the sellers, the market still silently supports the dollar. Even if the US does not close down, the economic situation shows that the pressure from the greenback is not over yet.
⚡️In addition to the Fed's hawkish expectations, risk-on sentiment is seen as another factor weakening the safe-haven precious metal. Global risk sentiment was boosted by a slightly better response to China's official PMIs and the passage of a temporary US government funding bill over the weekend.