Comex fell to a session low of $1,313.10 a troy ounce, just above a three-week low of $1,310.70. Gold
prices lost $7.60, as renewed expectations for a Federal Reserve
rate hike later this year boosted the U.S. dollar and as investors looked to buy into rising equity markets rather than purchasing safe-haven assets. Gold
has been under pressure because of the stronger dollar and Gold
prices extended losses from the prior session in European trade on Monday, holding near a three-week low.
may be poised for another fall in upcoming session, as it has made bearish
harami candle stick on daily chart
also making lower top and lower bottom formation from past few trading session.
Technical indicators RSI
is also trading in negative territory. On moving average it is trading below 200 and resistance of 50 DMA with appearance of dead cross on hourly charts. The main range is $1310 to $1340. Major support zone
is at $1305. On higher side 1334 can react as good resistance mark on intraday basis.