Entry Trend XAUUSD, Gold up or down this week?
World gold price this morning tended to decrease with spot gold down 1.2 USD, so it closed last week's session down to 1,918.6 USD/ounce.
Last weekend, the European economic area and the US released positive economic data. In which, US GDP growth in the first quarter of 2023 increased by 2%, higher than the level of the previous report and the previous forecast of 1.3%. Along with that, the consumer price index (CPI) in the region Asia Europe in June dropped sharply to 5.5%, the lowest since January 2022. The index is lower than May's 6.1% and previous forecast of 5.6%.
Gold is facing a difficult environment as real returns are rising and will remain in the long run, as central banks continue to raise interest rates.
XAUUSD BUY 1911 - 1913💯💯
✅ TP1: 1917
✅ TP2: 1922
✅ TP3: 1926
🛑 SL: 1906
Last weekend, the European economic area and the US released positive economic data. In which, US GDP growth in the first quarter of 2023 increased by 2%, higher than the level of the previous report and the previous forecast of 1.3%. Along with that, the consumer price index (CPI) in the region Asia Europe in June dropped sharply to 5.5%, the lowest since January 2022. The index is lower than May's 6.1% and previous forecast of 5.6%.
Gold is facing a difficult environment as real returns are rising and will remain in the long run, as central banks continue to raise interest rates.
XAUUSD BUY 1911 - 1913💯💯
✅ TP1: 1917
✅ TP2: 1922
✅ TP3: 1926
🛑 SL: 1906
Comment:
Running +30Pips ✅
Comment:
Hit TP1 +90Pips ✅
Comment:
HIT FULL TP +150PIPs ✅
