Hello dear friends, I am Selena! It's a pleasure to be with you in this market.
Currently, the gold market is trading around $1910 with little change from the previous trading session. The price of gold has not been able to break out as consumer prices rose higher than expected last month and the US dollar continued to strengthen across Asia.
From a technical standpoint, when observing the 4-hour chart, gold is moving sideways and below both the 34 and 89 EMA lines, indicating a downtrend. Therefore, our main focus for today's trading remains on selling.
Wishing you all good luck.