XAU continues to increase while DXY declines slightly
Updated
World gold prices increased sharply yesterday after the Fed decided to keep the standard interest rate unchanged at 5.25-5.5%.
Traders have recently trimmed bets on when the Fed will ease monetary policy this year as the latest data showed the US economy remains resilient and inflation remains “persistent”.
Meanwhile, the weakening dollar and US Treasury yields have prompted some bargain hunting. The dollar fell 0.2% after hitting a near six-month high, making gold cheaper for holders of other currencies, while benchmark US 10-year bond yields also fell.
Traders have recently trimmed bets on when the Fed will ease monetary policy this year as the latest data showed the US economy remains resilient and inflation remains “persistent”.
Meanwhile, the weakening dollar and US Treasury yields have prompted some bargain hunting. The dollar fell 0.2% after hitting a near six-month high, making gold cheaper for holders of other currencies, while benchmark US 10-year bond yields also fell.
Comment
SELL XAU 2323 - 2321TP1: 2318
TP2: 2313
SL: 2328
Comment
Runnning + 30 pipsComment
Running + 60 pipsComment
hIT tp2 + 100 PIPSComment
close + 150 pipsComment
BUY 2300TP1: 2305
TP2: 2310
SL: 2294
Comment
Hit Tp1 + 100 pips
Free Signals : t.me/mastercurrencyforex
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.