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?
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?
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