Gold Update (June 24) European Session: Gold DropsGOLD (US$/OZ)TVC:GOLDBlogngoaihoiDespite easing inflation fears amid the recent drop in crude oil prices, traders are still pricing in a higher probability of a Fed rate hike. This has kept gold prices under downward pressure, sliding toward the 4050 level during the Asian session. "Traders are currently awaiting the US Personal Consumption Expenditures (PCE) index, scheduled for release on Thursday, for fresh momentum. During the European session, a sell-biased strategy is preferred if gold rallies toward the resistance zone around 4120, targeting a decline to test the support area near 4020. Reference Strategy: Gold June 24 (Post-13:35) – Sell around 4120 | SL: H1 candle close above 4125 | TP: 4070 - 4030" Get the fastest daily session updates on the Blog Ngoại Hối website at this link: https://blogngoaihoi (.) co/