Gold likely to rise monthly on central bank bets in a more dovis
Gold narrowed its losses on Monday and had its best month in four months as major central banks warned of further steps in the year-long global monetary tightening.
The gold spot was flat at $1,959.50 an ounce until 11:32 a.m. Japan time, after falling 0.5% so far. US gold futures fell 0.1% to $1,959.30.
Carlo Alberto de Casa, a market analyst at Kinesis Money, said a stronger euro and weaker US dollar could lead to a short-term recovery for gold after data showed European economic growth accelerating and inflation easing. said to have supported
Dollar bullion prices are expected to record a 2.1% gain this month, their biggest since March, on speculation US interest rates may be nearing a peak. The dollar is headed for a second straight month of decline.
XAUUSD SELL 1968 - 1971
✅ TP1: 1965
✅ TP2: 1960
✅ TP2: 1955
❌ SL: 1976
The gold spot was flat at $1,959.50 an ounce until 11:32 a.m. Japan time, after falling 0.5% so far. US gold futures fell 0.1% to $1,959.30.
Carlo Alberto de Casa, a market analyst at Kinesis Money, said a stronger euro and weaker US dollar could lead to a short-term recovery for gold after data showed European economic growth accelerating and inflation easing. said to have supported
Dollar bullion prices are expected to record a 2.1% gain this month, their biggest since March, on speculation US interest rates may be nearing a peak. The dollar is headed for a second straight month of decline.
XAUUSD SELL 1968 - 1971
✅ TP1: 1965
✅ TP2: 1960
✅ TP2: 1955
❌ SL: 1976
Note
Full TP SP to be safe for the accountNote
+90 Pips , Move SL to Entry ✅✅✅Note
+110 Pips , HIT TP2 ✅✅✅Note
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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.