HamedMarkets

Gold prices still decreased again in the last day of the session

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HamedMarkets Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello everyone, yesterday the gold market dropped to its lowest level of the session. It was noted that at the time of writing, gold had decreased by more than 38 USD (equivalent to 1.62%) compared to the previous session and repeated the sharp decline like the last Friday of last week.

Accordingly, from the technical picture, gold is starting to fall again in the parallel price channel. If the upper limit is still not broken, gold may fall more in the near future as long as the falling price channel remains stable. .
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