Gold Technical Analysis: Gold prices are currently facing strong selling pressure in the market. The trend shows that sellers are still dominating, especially as the price stays below important moving averages. This indicates a weak bullish sentiment and a possible continuation of the downward trend in the short term.
Bullion
Gold Weekly Forecast: Bullion Depends on US T-bond yields
Gold Weekly Forecast (Bullion): There won’t be any significant macroeconomic data releases at the start of the week but several members of the FOMC, including Chairman Powell, will be delivering speeches on Monday and later in the week.