XAUUSD From $2,730 to $2,950, we bagged 2,200 pips from last month to this month , and now from $2,930 to $2,840, nearly 900 pips—in a week what else do you want? That’s gold for you. With this massive rejection, we’re heading deep down to our targets next month. A high-tension week ahead, let’s see how it plays out.
Gold trading suggestions: Gold is in a bearish downward channel, and the technical side is suppressed by the 4-hour moving average. Short-term rebound requires news data and policy shifts. Today, focus on the US core PCE price index for January released in NY time:
If the data exceeds expectations (>0.3%): Strengthen the Fed's hawkish stance, and the gold price may fall below 2840;
If the data is weak (≤0.2%): Expectations of interest rate cuts are rising, which may trigger a technical rebound to 2880-2895
Today's PCE data caused a violent market shock, and there is no precise entry prompt for the time being. Avoid holding positions before the NY market opens and wait for news releases.
XAUUSD Good fall in four days , I’m those days forex trading and take daily profit for a bitcoin. Huge profit in 4 days 🔥💰💰now I see gold has been good buying support for 2855 with stop loss 2850 or 2845 choice is your liquidity ! targets- 2882 , 2892