GOLD 20/6: Gold price weakening at the beginning of the morning
Updated
The Federal Reserve's unclear direction regarding interest rate increases has resulted in limited price movement in the market. Congress is closely monitoring this situation.
So, The price of gold is having difficulty taking advantage of its small increase earlier in the day and is moving within a narrow range during the first half of the Asian session on Tuesday. Currently, the XAU/USD is trading around $1,950, with little change from the start of the day. It has been trading within a familiar range for the past month or so.
Gold price assessment on June 20, 23 continues to sideway narrowly in the range of $1935 - $1960
Canh Buy price range $1939-$1941, SL $1930 TP: 1955
Based on technical analysis indicators EMA 34, EMA 89 with support point $1939.
So, The price of gold is having difficulty taking advantage of its small increase earlier in the day and is moving within a narrow range during the first half of the Asian session on Tuesday. Currently, the XAU/USD is trading around $1,950, with little change from the start of the day. It has been trading within a familiar range for the past month or so.
Gold price assessment on June 20, 23 continues to sideway narrowly in the range of $1935 - $1960
Canh Buy price range $1939-$1941, SL $1930 TP: 1955
Based on technical analysis indicators EMA 34, EMA 89 with support point $1939.
Note
SELL active 1954Note
Gold continues to rise after breaking key antibodyBreaking key resistance at $1,950.00 as markets expect just one more rate hike from the Fed this year. XAUUSD is up 0.12% on the day, now at $1,951
Related publications
Disclaimer
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.