Gold price on 4-hour chart: slightly down

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Hello everyone!
Currently, the price of gold is moving sideways and showing signs of a slight decrease. As of now, gold has dropped by 2.6 USD and is trading at a level between 1919 - 1920 USD.

Although gold is receiving support due to the decline in the US dollar, when observing the 4-hour chart, we can see that gold is still in a downward trend and has shown signs of breaking the trendline. Therefore, it is likely that gold will experience a slight decrease before any new developments occur.

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good luck :D

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Information about the European Central Bank's policy meeting this week is also of interest to investors. It is expected that this bank will slightly increase interest rates by 25 basis points.

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Currently, the gold market is fluctuating around $1908 per ounce. It can be seen that gold has experienced a slight decline today, specifically dropping from $1920 to $1908 when the Fed hinted at the possibility of tightening monetary policy further. This is the lowest level gold has reached in the past three weeks.

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The market today fell as expected