Tomorrow traders and investors will get more clarity and insight as chairman Jerome Powell speaks at the Jackson Hole Economic Symposium virtually.

Gold prices fell sharply today after yesterday’s attempt to trade and close above both the long-term 200-day and interim term 100-day moving averages.

As of 4:53 PM EST gold futures basis, the most active December 2021 Comex contract is trading off by $1.10 and currently fixed at $1805.20. Gold traded to an intraday high today of $1812.20, just below gold’s 200-day moving average, fixed at $1813.30.