Gold futures fall amid strong dollar
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Gold futures are certainly under pressure today, with the most active contract in August 2023 down $8.70 or 0.44% and fixed at $772.10. The root cause is that the strength of the dollar has overcome sporadic buying and could still drag gold prices slightly lower.
While gold futures are down 0.44%, the dollar is up 0.56% with a spread that shows market participants are bidding higher for the yellow precious metal. Currently, the dollar index is back above 100 and is currently fixed at 100.545.
GOLD SELL 1972 - 1975💯💯
✅ TP1: 1965
✅ TP2: 1960
✅ TP2: 1955
🛑 SL: 1980
While gold futures are down 0.44%, the dollar is up 0.56% with a spread that shows market participants are bidding higher for the yellow precious metal. Currently, the dollar index is back above 100 and is currently fixed at 100.545.
GOLD SELL 1972 - 1975💯💯✅ TP1: 1965
✅ TP2: 1960
✅ TP2: 1955
🛑 SL: 1980
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