XAU will drop sharply after the news
Updated
after nun_farm and Employment Cost Index
XAU increased
World gold price increased to $2,056 and then adjusted down to below $2,050 after the December job vacancy report was higher than expected. Currently, gold is slightly decreasing as investors wait for the Fed meeting. While the overall outlook for 2024 for gold is bullish, the precious metal will experience more volatility in the first half of the year. Although the Fed has a relatively dovish stance for 2024, the market is overly optimistic, pricing in 5-6 cuts for the year.
XAU increased
World gold price increased to $2,056 and then adjusted down to below $2,050 after the December job vacancy report was higher than expected. Currently, gold is slightly decreasing as investors wait for the Fed meeting. While the overall outlook for 2024 for gold is bullish, the precious metal will experience more volatility in the first half of the year. Although the Fed has a relatively dovish stance for 2024, the market is overly optimistic, pricing in 5-6 cuts for the year.
Note
SELL XAUUSD 2053-2056SL 2060
TP 2040
TP2 2030
Note
running + 40 pipsNote
close + 240 pipsNote
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