XAUUSD 27/06: Gold is likely to return to 1900?

Jun 27, 2023

XAUUSD Gold prices stalled Monday's rally, as a strong rally in US Treasury yields offset the US dollar, even as the market remained risk-averse.
However, concerns about political instability in Russia boosted safe-haven flows into US government bonds, sending US Treasury yields plummeting.

As a result, Gold price could challenge the key support of the March 17 low of $1,1918 if the bulls lose the momentum of the recovery. A three-month low of $1,911 and a March 16 low of $1,908 will be put to the test, below which exchanges will open towards $1,900.

You might consider Buying gold around XAUUSD 1900 – 1903

And my goal will be XAUUSD 1913 – 1933


Note: Fully install TP, SL to prioritize safety in trading and conquering the market.

Jun 27, 2023

Note

The US economy is now expected to narrowly dodge a recession this year, but underlying inflation will be faster than previously thought, according to a Bloomberg survey.

Jun 27, 2023

Note

Lagarde: Monetary policy currently has only one goal: to return inflation to our 2% medium-term target in a timely manner. And we are committed to reaching this goal come what may.

Jun 28, 2023

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A survey of central banks: the continued dominance of the dollar over the next decade.

Jun 28, 2023

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