XAUUSD:Trading advice for the day
News of the debt deal in Washington comes as markets are quiet in the United States and parts of Europe, including Britain, during the holidays. The agreement still needs to be passed by Congress before it can be implemented. The US rate hike cycle may not end as soon as hoped, as there are signs of a strong economy, which have supported and will continue to support the dollar. Gold prices hovered near lows on Monday as the U.S. debt ceiling deal eased investor concerns while the possibility of a rate hike by the Federal Reserve dampened demand for gold. On May 30, the key data to pay attention to, the US Chamber of Commerce Consumer Confidence Index for May, the key data will be released from Thursday!
Monday's intraday test of 1948 was followed by a wave of declines that broke through the support of the previous low of 1936, and as long as the last downward high of 1958 was not broken, the short-term estimate is closer to 1900
Today gold has been hovering around 1930-1945, the market is still waiting for news, at this time we can choose to go short at the high and support long.
Trading advice for the day
gold:sell@1945-1942 tp:1935-1925
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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.