“Hold your breath” waiting for the signal from Fed
World gold prices tend to increase with immediate gold trading increasing by 3.2 USD compared to last week to 2,323.2 USD/ounce.
After a volatile week, the market forecasts world gold will stabilize this week as little important data is announced mid-week. The most awaited information displayed in the field is the core personal consumption expenditure index report (the desired measure of the US Federal Reserve (Fed)) expected to be arranged at the end of the week. . Some say that this report is expected to create volatility in the market. Weaker data could increase the likelihood of a Fed rate cut in 2024, a scenario that would support the yellow metal. Conversely, taking advantage of hotter play is expected to create a deeper drop in gold.
Although the upward momentum has slowed, many analysts believe that the factors that have supported gold in recent times have not disappeared. Accordingly, worries about geopolitical instability remain, especially ahead of the US-style election in November. Additionally, the USD's position as the world's reserve currency continues to persist. principles and boundaries of discovery needs.
💵
XAUUSD
BUY 2317-2320💵
✔️ TP 2330
✔️ TP 2335
❌ SL 2310.5
💵
XAUUSD
SELL 2333-2336💵
✔️ TP 2325
✔️ TP 2320
❌ SL 2343
After a volatile week, the market forecasts world gold will stabilize this week as little important data is announced mid-week. The most awaited information displayed in the field is the core personal consumption expenditure index report (the desired measure of the US Federal Reserve (Fed)) expected to be arranged at the end of the week. . Some say that this report is expected to create volatility in the market. Weaker data could increase the likelihood of a Fed rate cut in 2024, a scenario that would support the yellow metal. Conversely, taking advantage of hotter play is expected to create a deeper drop in gold.
Although the upward momentum has slowed, many analysts believe that the factors that have supported gold in recent times have not disappeared. Accordingly, worries about geopolitical instability remain, especially ahead of the US-style election in November. Additionally, the USD's position as the world's reserve currency continues to persist. principles and boundaries of discovery needs.
💵
XAUUSD
BUY 2317-2320💵 ✔️ TP 2330
✔️ TP 2335
❌ SL 2310.5
💵
XAUUSD
SELL 2333-2336💵 ✔️ TP 2325
✔️ TP 2320
❌ SL 2343
Comment:
XAUUSD BUY 2317-2320💵 + 125 Pips
