Gold price continued its downtrend, the dollar rebounded after US inflation data.
The US Department of Labor said the consumer price index (CPI) increased 3.2% in the 12 months to July 2023, up from 3% increase in June 2023, the smallest annual increase since July 2023. March 2021.
Technically, nothing seems to change for Gold prices in the near-term, as the bearish 14-day Relative Strength Index (RSI) continues to favor the downside.
Therefore, any decline in the price of Gold will be seen as a good selling opportunity.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.