Gold futures for delivery in December 2023 on the Comex New York exchange fell $9.3 or 0.47% to $1,950.6 per ounce.
Gold continued to decline and fell to a 4-week low as pressured by another economic report from China that showed less consumer demand for goods and services, including the metal. type.
According to the report, the world's second-largest economy has fallen into deflation for the first time in two years due to weaker consumer demand. China's consumer prices fell 0.3% in July compared with the same period last year.
XAUUSD
SELL 1930 - 1933
✅ TP1: 1928
✅ TP2: 1923
🛑 SL: 1938
Gold continued to decline and fell to a 4-week low as pressured by another economic report from China that showed less consumer demand for goods and services, including the metal. type.
According to the report, the world's second-largest economy has fallen into deflation for the first time in two years due to weaker consumer demand. China's consumer prices fell 0.3% in July compared with the same period last year.
XAUUSD
SELL 1930 - 1933 ✅ TP1: 1928
✅ TP2: 1923
🛑 SL: 1938
