XAUUSD : Prospects are still beneficial for the seller!

Hello everyone, it's Brian here. Today, XAUUSD saw a recovery during the Asian trading session, but as we moved into the European session, the price began to decline again. At this moment, gold has lost nearly $13 and is currently trading around $2307, marking a 0.51% decrease for the day.

The downtrend in gold continues to be significant as the technical charts clearly show the precious metal still trapped within a descending wedge, with the 34 and 89 EMA lines favoring the bears.

I anticipate this trend to persist throughout today and possibly extend to the end of this week, with price fluctuations ranging from $2325 to $2270.

What about you? What are your thoughts on today's gold prices and its future movements?