World gold price this morning tended to decrease with spot gold down 1.2 USD, so it closed last week's session down to 1,918.6 USD/ounce.
Last weekend, the European economic area and the US released positive economic data. In which, US GDP growth in the first quarter of 2023 increased by 2%, higher than the level of the previous report and the previous forecast of 1.3%. Along with that, the consumer price index (CPI) in the region Asia Europe in June dropped sharply to 5.5%, the lowest since January 2022. The index is lower than May's 6.1% and previous forecast of 5.6%.
Gold is facing a difficult environment as real returns are rising and will remain in the long run, as central banks continue to raise interest rates.
XAUUSD BUY 1911 - 1913💯💯
✅ TP1: 1917
✅ TP2: 1922
✅ TP3: 1926
🛑 SL: 1906