Gold 21/06: Gold today is still at risk of a sharp drop

XAUUSD Gold prices hit a weekly low after a three-day downtrend, as investors braced for this week's key event, Fed Chairman Jerome Powell's biennial testimony.
According to technical indicators in the daily chart, XAUUSD is making modest gains from intraday lows, with the risk of a sharper decline increasing.

Support levels: 1,924.60 1,912.50 1,903.80
Resistance levels: 1,942.50 1,953.30 1.966.20


You might consider buying gold around 1926 - 1928

And my goal will be 1934 - 1940
_ _ _

You might consider selling gold around 1952 - 1950

And my goal will be 1945 - 1940

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The dollar index rose after the recovery of the housing market in the United States.

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Gold sellers, however, found cushion near $1,930 on account of a sharp sell-off in the US Treasury bond yields across the curve.

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Gold Price (XAU/USD) remains on the back foot as bears prod $1,930 support confluence with eyes on Fed Chair Jerome Powell’s bi-annual testimony.

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Bank of America, BAC , Goldman Sachs, $GS. and Morgan Stanley, MS , are among Wall Street firms that offer the most support for working fathers, per Bloomberg.

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Gold from the 1927 BUY signal has moved to the 1936 price zone with nearly 100pips