XAUUSD - Scalping waiting Unemployment Claims
Updated
Gold price has broken short-term support and hit a multi-day low due to stronger US Treasury bond yields and the US Dollar.
The Federal Reserve officials' hawkish bias and the US debt ceiling concerns are contributing to this trend.
Bearish signals from the Moving Average Convergence and Divergence (MACD) indicator and a two-month-old bearish triangle pattern confirm the downward trend. However, the Relative Strength Index (RSI) line is below 50, indicating that the XAU/USD bears are waiting for sustained trading below the 50-DMA, around $1,984, before adding more short positions.
SELL XAUUSD 1992 - 1994
Stoploss: 1998
Take Profit1: 1988
Take Profit2: 1984
Take Profit3: 1980
HELLO TRADER ARE YOU READY 🔥
The Federal Reserve officials' hawkish bias and the US debt ceiling concerns are contributing to this trend.
Bearish signals from the Moving Average Convergence and Divergence (MACD) indicator and a two-month-old bearish triangle pattern confirm the downward trend. However, the Relative Strength Index (RSI) line is below 50, indicating that the XAU/USD bears are waiting for sustained trading below the 50-DMA, around $1,984, before adding more short positions.
SELL XAUUSD 1992 - 1994
Stoploss: 1998
Take Profit1: 1988
Take Profit2: 1984
Take Profit3: 1980
HELLO TRADER ARE YOU READY 🔥
Note
HIT FULL Take Profit ✅✅Trade closed: stop reached
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