Gold continues to trend higher, benefiting from a cooling US dollar and stable Fed interest rates. These two main factors act as powerful levers for the rapid rise in gold prices since the 1933 weakness of the US dollar.
Year-to-date, gold has gained nearly 500 pips in the past week and is approaching resistance at $1,996. To return to the 2010 USD peak, gold will need to maintain its current price stability. Strong support for gold will be at $1,990.
Year-to-date, gold has gained nearly 500 pips in the past week and is approaching resistance at $1,996. To return to the 2010 USD peak, gold will need to maintain its current price stability. Strong support for gold will be at $1,990.
Comment:
Please continue to follow XAU's direction, everyone
Comment:
Gold is running very slowly waiting for news tonight
Comment:
We have PMI news tonight
Comment:
Good news for USD, gold will fall sharply
Comment:
Gold continues to rise after PMI news
Comment:
Gold price increased the highest in the short term, the highest recorded price in 2018
Comment:
SELL 2013
TP: 2008
SL 2020
TP: 2008
SL 2020
Comment:
running + 40 pips
Comment:
Hit TP1
Comment:
SELL XAUUSD 2015-2017
TP1 2008
TP2 2000
SL 2022
TP1 2008
TP2 2000
SL 2022
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