-
Gold futures edged lower at the start of this important trading week as global financial markets brace for the upcoming US inflation report and Federal Reserve policy meeting. Gold prices had been trending lower over the past week, falling more than 2% amid expectations that interest rates will remain elevated for longer. According to gold trading ...
-
Gold XAUUSD was rejected at the minor resistance at around 2,384. That level is the 0.382 retracement of the early May uptrend (red lines). Gold sold off down below key support at around 2,314, establishing a downtrend (lower lows and lower highs). However, the RSI is still showing positive sentiment and is required to close below the 40 threshold to switch ...