XAUUSD 27/06: Gold waits for signals from CB news
XAUUSD
Spot gold edged higher at the weekly open, filling a gap later in the European session. However, investors take a more cautious stance as major central banks continue to combat inflation with rate hikes at a time when most are believed to have paused and are preparing to move in the opposite direction. again.
Gold prices struggled to gain any meaningful traction on Tuesday and hovered in a narrow trading range, just above the $1920 level. The daily chart for XAU/USD offers a neutral to bearish view, lacking directional strength.
CB News Consumer confidence tonight will likely be a turning point for gold's more pronounced trend.
Support level: 1,912.50 1,903.80 1,988.10
Resistance levels: 1,933.50 1,941.90 1,956.70
You might consider Buying gold around
XAUUSD
1910 – 1913 And my goal will be 1918 – 1928
You might consider Selling gold around
XAUUSD
1943 - 1940 And my goal will be 1933 – 1918
Note: Fully install TP, SL to prioritize safety in trading and conquering the market.
Comment:
Wall Street analysts expect the worst decline in corporate profits since the shock of the pandemic.
Comment:
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.
Comment:
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.
Comment:
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.
Trade active:
Hit entry buy! +50pips
Plan buy running!
Hit entry buy! +50pips
Plan buy running!
Trade active:
everything is still according to plan
Comment:
Round 2 begin! Let's buy now!
Comment:
US President Joe Biden said Tuesday, June 27, that the US economy is "strong at the moment" and that he does not expect a recession, a day before he delivers an economic policy speech in Chicago.
