GOLD 27/6 $$$ Will the bears prevail now?

DNA_TradingFX Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Investors will be closely watching speeches by top central bank officials this week, including ECB President Christine Lagarde, BoE Governor Andrew Bailey, Fed Chair Jerome Powell, and Bank of Japan Governor Kazuo Ueda. These speeches will be given at a panel discussion in Sintra on Wednesday. Additionally, Tuesday's US economic releases, such as Durable Goods Orders, the Conference Board's Consumer Confidence Index, New Home Sales, and Richmond Manufacturing Index, will also be important in influencing the price of Gold. Despite concerns of a potential recession, the downside for Gold is expected to be limited due to its status as a safe-haven asset.

Gold price is currently trading around the $1927 mark, the momentary downtrend is taking up the majority

Can buy zone at:
BUY ZONE : $1910 - $1913
AND BIG BUY zone : $1903 - $1900 sl 1890

Analysis of moving averages EMA 34, EMA 89 with stiff support at $1900 to BUY
9pm on June 27 has important news affecting the dollar, please install sl carefully
Trade active:
BUY +90pips


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.