Sell xauusd

The XAU/USD pair is on a downward trend, dropping from $2395.72 to $2385.00 due to a decrease in demand following the release of disappointing U.S. existing home sales data. This negative economic indicator has led investors to shift away from gold, causing the price to decline. Traders are monitoring the situation closely as the market sentiment remains bearish amidst concerns about the health of the U.S. housing market and its potential impact on the broader economy.