Gold prices fell after two consecutive sessions of declines, as investors refrained from making big bets before the testimony of US Federal Reserve Chairman Jerome Powell before Congress, and a price reached, as gold achieved a new low at 1919, as Powell’s testimony, who maintains the Fed’s path, may push gold to the 1850 region.

Gold is in a downward sub-trend, and we can say that it is in a downward wave as long as the price is below the 1936 region currently, the price is at the 1934 region.