Because the tariff deadline on July 9 was extended again to August 1, the market felt safer. This made people take more risk, and some sold gold. Also, talks with the EU are going well, which made the market feel even more calm.
However, gold did not fall much because things are still not very clear. For example, President Trump often changes what he says, and central banks are still buying gold.
The price of gold might fall to around 3270, which is the bottom of the Bollinger Band. If the price drops below that, 3244 (the lowest price on June 30) is a strong support level.
Gold and Dollar Expected Price Range: 3,270 – 3,350
Note: This information does not guarantee profits. Please make your own decisions when trading.