Gold (XAU/USD) lacks bullish momentum at three-week highs, hovering in the $1,937-38 range by year-end, as traders look for more clues to confirm the dovish trend of gold. The United States Federal Reserve (Fed) globally. Upbeat US data earlier in the day. Also challenging XAU/USD gains are mixed concerns about US-China relations and sluggish US Treasury yields.
The cautious mood ahead of US ADP Employment Change, Second-quarter Gross Domestic Product (Q2) and US Personal Consumption Spending (PCE) appear to have boosted the outlook, boosting the outlook. Gold buyers to many highs. Disappointing US jobs, employment and housing previously raised concerns about the Fed's policy axis, especially after Fed President Jerome de Jerome de pressured the turmoil of the Fed. mambela data
The cautious mood ahead of US ADP Employment Change, Second-quarter Gross Domestic Product (Q2) and US Personal Consumption Spending (PCE) appear to have boosted the outlook, boosting the outlook. Gold buyers to many highs. Disappointing US jobs, employment and housing previously raised concerns about the Fed's policy axis, especially after Fed President Jerome de Jerome de pressured the turmoil of the Fed. mambela data
Comment:
Yesterday evening, a series of news about the USD index that was not as expected by the market caused dxy to fall sharply, the currency pairs XXXUSD, Oil increased, US Stock Index, BTC and Gold all increased very quickly.
In today's Asia-Europe session, the market expects a slight correction in Gold to 1930$ - 1925$ before choosing to continue accelerating to around 1943$ or returning to find the 18xx area again this week.
Today, important indicators were announced again. Choosing quick scalping is a safe trend suggested for today
Plan to sell around 1937 is underway
In today's Asia-Europe session, the market expects a slight correction in Gold to 1930$ - 1925$ before choosing to continue accelerating to around 1943$ or returning to find the 18xx area again this week.
Today, important indicators were announced again. Choosing quick scalping is a safe trend suggested for today
Plan to sell around 1937 is underway
Comment:
ADP news plan:
SELL USD : 1945 - 1947
SL: 1950
TP1: 1940
TP2: 1930
BUY XAUUSD: 1925 - 1923
SL: 1917
TP1:1935
TP2: 1945
SELL USD : 1945 - 1947
SL: 1950
TP1: 1940
TP2: 1930
BUY XAUUSD: 1925 - 1923
SL: 1917
TP1:1935
TP2: 1945
Trade active:
Running + 30pips ✔️✔️✔️
Comment:
Gold prices attract buying at multi-day highs, despite the latest cautious activity by XAU/USD traders, as recent upbeat US data bolsters expectations of seeing The Federal Reserve's (Fed) hawkish cycle will soon end. Also in favor of Gold buyers is a firmer sentiment about China, one of the world's largest Gold buyers.
The US Employment Turnover (JOLTS) report and consumer confidence index were much lower than expected, spurring fresh buying demand for the precious metal.
Gold price continues to hold on to a solid recovery but there is still potential for lower risks in the near term as there is still a lot of economic news this week that has a strong influence on Gold prices.