Gold (XAUUSD) || Update | July 10, 2024
Timeframe: 1-hour
Current Situation: Gold is inching higher in the 1-hour timeframe.
Sentiment:
Bullish above: 72600.
Stop-loss: 72400 (Remember, stop-loss is a risk management tool, adjust this level based on your risk tolerance)
News: Investors are cautiously optimistic as they await comments from Fed Chair Powell and key US inflation data (CPI) due on Thursday. Lower interest rates could potentially boost Gold's appeal as a non-yielding asset.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice.
Note
Target done in 
GOLD, high 73000
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.