Walid_Aboeldahab

decline in demand for gold

OANDA:XAUUSD   金/米ドル
Despite the dollar's recent decline, gold did not witness the hoped-for recovery and was satisfied with the consolidation between 1700 and 1720 after it faced some kind of support at $ 1700

The decline in demand for gold coincided with the anticipation of the decisions of the European and Japanese Central tomorrow, and most likely we will not see strong movements until their release

The end of the correction wave for the dollar and the return of its recovery brings gold back to the downside
Especially with breaking the 1700 . barrier

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