Gold has encountered significant selling pressure over the past three trading sessions, establishing a technically significant bearish formation that has captured the attention of market analysts.

Gold extended its decline for a second consecutive session as markets responded positively to emerging prospects for a trade agreement between the United States and European Union.

Gold prices experienced a notable decline today following news of a breakthrough trade agreement between the United States and Japan, which has renewed investor confidence about potential resolutions to ongoing trade tensions with other major partners ahead