Gold strategy for PPI news on July 13, buy or sell?
Updated
Gold rose to a three-week high as investors pored over data on US developments - an important factor influencing the Fed's decision on the country's monetary policy.
Currently, there is a 90% chance that the Fed will raise rates by 25 basis points at its policy meeting on July 25-26. The Fed is expected to reverse monetary policy in 2024.
One factor that has put the USD under pressure recently is that the market is leaning towards the possibility that the Fed will only raise interest rates again and then stop altogether.
The market is waiting for clearer policy signals from the Fed. Will the US-supporting central bank keep interest rates high for a long time if using a persistent relapse?
In the short term, investors wait to see if the Fed will raise interest rates twice this year or only tighten one more time.
Currently, there is a 90% chance that the Fed will raise rates by 25 basis points at its policy meeting on July 25-26. The Fed is expected to reverse monetary policy in 2024.
One factor that has put the USD under pressure recently is that the market is leaning towards the possibility that the Fed will only raise interest rates again and then stop altogether.
The market is waiting for clearer policy signals from the Fed. Will the US-supporting central bank keep interest rates high for a long time if using a persistent relapse?
In the short term, investors wait to see if the Fed will raise interest rates twice this year or only tighten one more time.
Note
XAUUSD SELL NOW 1961- 1963 💯💯 ✅ TP1: 1957
✅ TP2: 1950
✅ TP2: 1945
🛑 SL: 1970
Note
Running +20Pips ✅Note
XAUUSD BUY PPI 1943- 1945💯💯✅ TP1: 1950
✅ TP2: 1957
✅ TP2: 1962
🛑 SL: 1935
Note
Sell +60Pips ✅Note
Sell +80Pips ✅
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