GOLD price trend today
Updated
Gold prices fluctuated in a narrow range during the early Asian session. Guided by the 60-day SMA in the 1H chart, gold fluctuates downward. Early in the US session, the USD recovered from lows following the data and hawkish comments from Fed officials. Gold then lost value and once fell to $2027.50, closing the daily chart lower. Along with yesterday's growth, gold has formed an excessive bearish signal, indicating retracement pressure.
Comment
GOLD SELL 2050 - 2053TP1: 2045
TP2: 2040
SL: 2060
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