XAUUSD : Will gold continue to rise again after today's data?
Gold turned down as the market waited for the CB consumer confidence report.
Gold rose to $2,181 late yesterday as the USD weakened, focus turned to today's CB consumer confidence report.
In the March 25 session, gold swept both ways but ended at a higher price when the USD fell. The precious metal rose to $2,178 then fell to $2,163, then reversed all losses and bounced to $2,181 before correcting to end the day at $2,175.
Today, the market will receive CB's consumer confidence report and durable goods orders. Currently, gold is falling to $2,171.
Gold rose to $2,181 late yesterday as the USD weakened, focus turned to today's CB consumer confidence report.
In the March 25 session, gold swept both ways but ended at a higher price when the USD fell. The precious metal rose to $2,178 then fell to $2,163, then reversed all losses and bounced to $2,181 before correcting to end the day at $2,175.
Today, the market will receive CB's consumer confidence report and durable goods orders. Currently, gold is falling to $2,171.
Trade active
SELL 2173 - 2175 TP : 2170
TP2 : 2165
SL 2183
Note
Buy 2163 - 2165 TP 2170
TP2 2175
SL 2159
Note
⚡️ running + 30 pips - Move SL to Entry🔼🔼🔼⏫⏫⏫Note
⚡️ running +50 pips - Move SL to Entry🔼🔼🔼⏫⏫⏫Note
SELL 2179 - 2181TP : 2170
TP2 : 2165
SL 2185
Related publications
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.
Related publications
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.