Latest gold price update today: Gold price decreased
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Brian greets you all!
The price of gold continues to decline today, currently trading at a low price of $1900 due to selling pressure caused by the strengthening of the US dollar (USD) ahead of highly anticipated inflation data on Friday.
Looking at the 4-hour chart, Gold has dropped without finding support at $1905. It wouldn't be surprising if gold continues to test lower levels with prospects from the Fibonacci retracement. $1890 is a perfect number with strong support, indicating the potential for a price rebound from this level.
The price of gold continues to decline today, currently trading at a low price of $1900 due to selling pressure caused by the strengthening of the US dollar (USD) ahead of highly anticipated inflation data on Friday.
Looking at the 4-hour chart, Gold has dropped without finding support at $1905. It wouldn't be surprising if gold continues to test lower levels with prospects from the Fibonacci retracement. $1890 is a perfect number with strong support, indicating the potential for a price rebound from this level.
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