⚡️Gold price today on August 21 continued to decline and reached 1891 due to the increase in USD and bond yields.
⚡️The gold market was under pressure as US Treasury yields and the dollar index rose. Yields on 10-year US Treasuries hit their highest level in 15 years. The USD index recorded a 9-week high, closing the session at 103 points.
⚡️Bond yields rose ahead of the possibility that the US Federal Reserve (Fed) would maintain the current high interest rates, not to mention the Fed may continue to raise interest rates in September. That creates a challenging environment for gold, which means gold prices are unlikely to rise in the near ter
⚡️Trading plan you can watch to sell gold around the price zone 1903-1905. then the 1906 price zone will become a strong support zone. You can consider buying gold at this price range. expect gold to recover to 1911.