XAUUSD
Gold prices (XAU/USD) fell after a less confident recovery in Friday's European session as the greenback steadied further amid a likely recovery in the US economy. The precious metal faced the brunt of the stellar performance of the US economy in the second quarter, strong demand for durable products and already tight labor market conditions. The possibility that gold prices continue to fall cannot be ruled out due to concerns about the Federal Reserve (Fed) continuing to tighten policy.
Gold prices face pressure after a short-lived recovery approaching $1956.00 as US Dollar extends bullish bias. The precious metal moved into bearish territory after breaking of a Double Top chart pattern around the $1980.00 level, which foreshadows a bearish reversal.
The yellow metal tests the area below the 20-day and 50-day Exponential Moving Averages (EMAs), which suggests that the short- and medium-term trend is turning bearish.
These are my strategic statements for the week, I hope my strategy is perfect and we will beat the market and be profitable together.a
My signal is to sell gold around 1960$, our take profit at 1950$
Comment:
SELL XAUUSD 1960 => 1956. + 40pip💟💟
