The gold price index has fallen to a three-week low, with losses taking it to the $3311 support level. Before this decline, we had advised on the live trading recommendations page to close the buy recommendation for gold at the current profit to avoid further selling pressure. The recent drop was fueled by the potential for easing geopolitical tensions and a rising US dollar, both weighing on the yellow metal ahead of the Federal Reserve’s Jackson Hole Symposium.
XAU/USD Gold Price Analysis Today: A Break Below $3300 Support Could Happen – 20 August 2025
