The price of gold reached low of the beginning of 2017. The downtrend continues from April and the fall is already 14.5% or almost $ 200. In this case, the down trend is clearly not going to stop. Gold is losing the status of a safe deposit. Investors are withdrawing money from metal and investing in dollar-denominated papers.
Today, the price of gold is corrected after the fall, forming a candle dodge. The reason was the news that the US and China will have discussions on trade issues in August. Technically, gold stay in the down channel.
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https://fortraders.org/en/trade-ideas/oil-brent-price-returns-to-april-values.html
