Gold Price Forecast Aug 19 – Overbought Gold Braces for Retracement

 

The yellow metal gold is trading with a slightly bearish bias at 1,986 level, as the bulls started doing profit-taking ahead of FOMC meeting minutes today. Now the question is, Is gold likely to drop further, or will it reverse over 1,986 zones? Check out our video above to learn more about the gold price forecast today.

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