Captain-Trading

Gold continues to fall today

OANDA:XAUUSD   Guld / USA-dollar
Hello traders, it's great to see you all today! Currently, the price of gold is experiencing a slight decrease of 1.900 USD/ounce compared to the previous trading session, dropping by 9.4 USD and reaching 1.916,5 USD/ounce.

Gold is facing significant pressure due to a lack of supportive factors. In today's morning trading session, both the US dollar and bond yields have continued to rise, exerting considerable downward pressure on gold.

The gold market is expected to continue fluctuating in the near future and may potentially reach a support level of 1.900 USD/ounce.
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