Gold 28.08 Gold 28.08 Weak trading at the beginning of the week.
Updated
⚡️Gold trading on Monday morning was gloomy, after being affected by jackson Hole meeting, investors find it difficult to find attraction from metal market, Will Gold Continue Its Recovery In The Background of Market Ready For One More Interest Rate Increase?
⚡️The Fed emphasized that the work needed to achieve the 2% inflation target is not yet completed, as recent data has been quite favorable.
⚡️Meanwhile, this week's inflation-related data will provide hints to the market about the possibility of an upcoming rate hike.
⚡️ The other key data will be the jobs-related data released on Friday.
⚡️From a technical perspective, Gold has successfully rejected from the target correction area we established last week. However, it has yet to break the previous high.
⚡️Share your ideas with Krado, I'm looking forward to it⚡️
⚡️Selling
XAUUSD price is about 1920 - 1922
️ SL 1930
🌟TP 1 1910
🌟TP 2 1900
⚡️Win the market with Krado⚡️
⚡️The Fed emphasized that the work needed to achieve the 2% inflation target is not yet completed, as recent data has been quite favorable.
⚡️Meanwhile, this week's inflation-related data will provide hints to the market about the possibility of an upcoming rate hike.
⚡️ The other key data will be the jobs-related data released on Friday.
⚡️From a technical perspective, Gold has successfully rejected from the target correction area we established last week. However, it has yet to break the previous high.
⚡️Share your ideas with Krado, I'm looking forward to it⚡️
⚡️Selling
XAUUSD price is about 1920 - 1922️ SL 1930
🌟TP 1 1910
🌟TP 2 1900
⚡️Win the market with Krado⚡️
Note
⚡️Last week, the world gold price increased sharply after 4 consecutive weeks of decline in the context that US Federal Reserve Chairman Jerome Powell will maintain his 2% inflation target and leave open the possibility of further interest rate hikes. in this year⚡️Note
⚡️The yellow metal's decline was somewhat limited as prices fell to a five-month low in early August.⚡️Note
⚡️An earlier reading on GPD showed that the U.S. economy grew far more than expected in the second quarter, indicating that activity had not cooled as much as the Fed was initially expecting.⚡️Note
⚡️An earlier reading on GPD showed that the U.S. economy grew far more than expected in the second quarter, indicating that activity had not cooled as much as the Fed was initially expecting.⚡️Trade active
⚡️Selling XAUUSDprice is about 1920 - 1922 + 60 pips congrats everyone⚡️
Note
⚡️The greenback came off a near three-month peak this week amid some profit taking, while benchmark U.S. Treasury yields also eased off over 20-year highs.⚡️Trade closed: target reached
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