Gold price today: Bears still in control
Brian, hello everyone! Gold prices today continue to trade at a low level of $1821, with little change compared to yesterday. The market seems to be in a calm state, with nothing yet able to hinder the strength of the USD and the US bond yields. The current environment remains unfavorable for gold prices.
On the chart, the downward trend has been broken. Today, gold is likely to trade within a narrow price range, fluctuating around $1833 - $1816.
On the chart, the downward trend has been broken. Today, gold is likely to trade within a narrow price range, fluctuating around $1833 - $1816.
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good luck
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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.
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Market focus now turns to Fed Chairman Jerome Powell's speech later in the day as well as data on jobs, private hiring and US nonfarm payrolls throughout the week.
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