Gold price reduces shock on the first day of the week

Hi, dear friends, today just started the session, gold quickly discounted the price in accordance with our expectations. Up to now, gold is moving around the 2018 USD and losing $ 22 in just one day, a large number.

Accordingly, the direction of gold in the short term will depend on the fluctuations of the dollar. Gold forecast will decrease this week. The dollar and bond yield will continue to benefit from the "hawk" view of the Fed. In order to reverse gold, there should be events that promote demand into gold, such as geopolitical tensions and crisis in the banking sector.

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