Gold price is running in a downtrend
Updated
Hello dear traders! Gold price today moved sideways and showed signs of slight decrease. As of now, gold price is currently trading at 1922 USD.
Although gold has received support from the falling USD, when looking at the 4-hour chart we can see that gold is in a downtrend on the trendline above. The next trend of gold may increase slightly and then determine a new direction.
Although gold has received support from the falling USD, when looking at the 4-hour chart we can see that gold is in a downtrend on the trendline above. The next trend of gold may increase slightly and then determine a new direction.
Note
good luck
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