GOLD 3/7 !!! The bulls are having a slight recoveryThe Gold price is being affected by a slight increase in the US Dollar. After experiencing significant losses on Friday, the US Dollar is attracting some buyers and recovering. This is seen as a key factor that is putting pressure on the price of Gold. Recent data from the United States shows that the Personal Consumption Expenditures (PCE) Price Index decreased to 3.8% in May from 4.3% previously. Additionally, the Core PCE Price Index, which excludes volatile food and energy components, went down to 4.6% in May from 4.7% in April. Despite these decreases, both indices remain well above the Federal Reserve's target of 2% and support the possibility of further tightening of monetary policy.
Today, July 3, 2023, gold price is predicted to have a slight recovery around the $1925 -$1930 mark
Set up Price Gold at:
SELL GOLD at: 1920-1922 small lot
and SELL GOLD at: $1930 - $1932 small lot
and SELL GOLD at: $1937 - $1940 sl $1950
Based on technical indicators EMA 34, EMA 89 and resistance areas to sell at the above price zones.
