GOLD price seesaws around the intraday high as it prints slight gains after dropping the most in a week the previous day. Even so, GOLD remains indecisive on a weekly basis as markets struggle to find clear direction amid a blackout ahead of the Fed and mixed feelings on growth concerns Global.Organization for Economic Co-operation and Development (OECD) flagged concerns about a weak global economic transition amid higher interest rates and spurred buyers of
GOLD , especially after a rate hike surprise rates from central banks in Australia and Canada. However, the easing of concerns about the Federal Reserve (Fed) rate hike by 0.25% in June contrasts with the possibility of a rate hike in July to underpin the Gold Price rally towards the end. year.SELL GOLD zone 1953 - 1955
Stop Loss : 1958
Take profit1 : 1948
Take profit 2: 1940
Take profit 3: 1935
Note: Installing TP SL fully wins the market and is safe in trading
Trade active
Gold is stuck in the price range 1943-1948
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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.