Gold (XAU) Key news events today No major news events. What c | IC Markets

Gold (XAU)
Key news events today
No major news events.
What can we expect from Gold today?
As the DXY climbed slightly overnight, Gold consolidated in a narrow price range between the 1860 and 1880 levels. Anticipating a brief retracement on the DXY, Gold could trade slightly higher before trading lower again. If Gold fails to break above the 1890 price level, the downtrend is likely to continue. Confirmation of the downside would be signaled if Gold breaks below the 1860 price level, with the next key support level at 1800.
Next 24 Hours Bias
Weak Bearish