Gold price today: Not yet out of the downtrend

Today, gold continues to move in its previous direction, trading around the 1945 USD area with minimal fluctuations at the time of writing. Overall, the main trend for gold remains a preference for price decline, with the current resistance level at 1960 USD, which also coincides with the activity zone of the EMA 34 and 89 lines. The price may retest this resistance level once again before the downward trend resumes.

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