XAUUSD expects to regain its position.
Updated
⚡️Gold spot trims losses, trading at $1866.44, after US Treasury bond yields retract from multi-year highs, causing the USD to weaken.
⚡️US GDP for Q2 meets expectations at 2.1%, with inflation dropping to 1.7%, below the previous 3.9%, indicating economic stability.
⚡️Federal Reserve officials hint at potential further rate hikes if inflation progress stalls, adding another layer of uncertainty to gold’s outlook.
⚡️Gold spot tumbles as Wall Street closes, but earlier printed a six-month low of $1857.82, as US Treasury bond yields skyrocketed, a headwind for the yellow metal. Nevertheless, the XAU/USD trimmed some of its losses as US bond yields retraced. At the time of writing, the non-yielding metal trades at $1866.44 after hitting a daily high of $1879.58, down 0.49%
⚡️Gold prices experience a tumble, reaching a six-month low of $1857.82, as rising US Treasury bond yields and a strong USD are headwinds for the precious metal.
⚡️ We still have 2 important news to wait for.
⚡️SELL XAUUSD PRICE 1884 -1882
↠↠ STop 1890 → Profit 1875
⚡️BUY XAUUSD PRICE 1860 -1863
↠↠ STop 1855→Profit 1875
⚡️Psychology, discipline and capital management are the three factors that make victory possible.⚡️
⚡️US GDP for Q2 meets expectations at 2.1%, with inflation dropping to 1.7%, below the previous 3.9%, indicating economic stability.
⚡️Federal Reserve officials hint at potential further rate hikes if inflation progress stalls, adding another layer of uncertainty to gold’s outlook.
⚡️Gold spot tumbles as Wall Street closes, but earlier printed a six-month low of $1857.82, as US Treasury bond yields skyrocketed, a headwind for the yellow metal. Nevertheless, the XAU/USD trimmed some of its losses as US bond yields retraced. At the time of writing, the non-yielding metal trades at $1866.44 after hitting a daily high of $1879.58, down 0.49%
⚡️Gold prices experience a tumble, reaching a six-month low of $1857.82, as rising US Treasury bond yields and a strong USD are headwinds for the precious metal.
⚡️ We still have 2 important news to wait for.
⚡️SELL XAUUSD PRICE 1884 -1882
↠↠ STop 1890 → Profit 1875
⚡️BUY XAUUSD PRICE 1860 -1863
↠↠ STop 1855→Profit 1875
⚡️Psychology, discipline and capital management are the three factors that make victory possible.⚡️
Note
Note
⚡️ DXY is weakening⚡️ Gold is recovering
Trade active
Note
⚡️Will there be a recovery in the fourth quarter?Trade active
Note
⚡️Gold prices fell for a second quarter in a row after losses that began in August and held through September, underscored by the current week’s drop - the worst in more than two yearsTrade active
Trade active
Note
⚡️Indicating the rush of investors towards the U.S. currency which has taken on the mantle of stability to currencies in other challenged global economies.
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