Today, the gold continues its streak of price reductions. Since slipping below the $1900 mark, gold has been steadily declining and is currently trading at $1818 with indications of approaching the $1800 price range.
The increase in US bond yields and the rising value of the USD continue to pose a threat and exert pressure on precious metals. This is evident as the gold market continues to experience price declines during this period.
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Price trading below the 2 EMA shows a downtrend
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good luck
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At the time of the survey, the US Dollar Index (DXY) measuring greenback fluctuations with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 0.15%; to 107.06.
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Since breaking above the key level of $2,000 an ounce in early May, gold has fallen more than 11% in price.