Gold price fluctuations on weekends are full of news
Updated
⚡️Market news
The US dollar is correcting from a six-month high against its major peers, as the Bank of Japan's (BoJ) stabilization policy brings a sense of calm, lifting the overall mood. of the market. Investor sentiment has been affected by the US Federal Reserve's (Fed) hawkish stance, which suggests a 'higher for longer' view of interest rates. The BoJ maintained its ultra-loose monetary policy, suggesting it is in no hurry to implement its massive monetary stimulus package.
Gold prices are taking advantage of a broad-based US dollar pullback, rebounding back to key resistance levels. However, a further recovery appears elusive amid a rebound in US Treasury yields. The benchmark 10-year U.S. Treasury yield is at a new 16-year high of 4.511%.
⚡️Optimus's point of view
Gold recovered slightly but whether an uptrend will form or not is still a question
Gold prices are recovering from weekly lows of $1,914 ahead of a busy news Friday, with preliminary global PMI data releases. The US Dollar (USD) is temporarily breathing heavily even though US Treasury bond yields are setting new multi-year highs.
Please wait for news trading signals from OP
⚡️Plan trading
SELL GOLD 1929-1931
SL 1935
TP 1920
⚡️Note
Full SL settings for trading signals
Divide the trading volume to enter around the price range
If you feel the profit is enough, you can close 1/2 and move Sl to entry
The US dollar is correcting from a six-month high against its major peers, as the Bank of Japan's (BoJ) stabilization policy brings a sense of calm, lifting the overall mood. of the market. Investor sentiment has been affected by the US Federal Reserve's (Fed) hawkish stance, which suggests a 'higher for longer' view of interest rates. The BoJ maintained its ultra-loose monetary policy, suggesting it is in no hurry to implement its massive monetary stimulus package.
Gold prices are taking advantage of a broad-based US dollar pullback, rebounding back to key resistance levels. However, a further recovery appears elusive amid a rebound in US Treasury yields. The benchmark 10-year U.S. Treasury yield is at a new 16-year high of 4.511%.
⚡️Optimus's point of view
Gold recovered slightly but whether an uptrend will form or not is still a question
Gold prices are recovering from weekly lows of $1,914 ahead of a busy news Friday, with preliminary global PMI data releases. The US Dollar (USD) is temporarily breathing heavily even though US Treasury bond yields are setting new multi-year highs.
Please wait for news trading signals from OP
⚡️Plan trading
SELL GOLD 1929-1931
SL 1935
TP 1920
⚡️Note
Full SL settings for trading signals
Divide the trading volume to enter around the price range
If you feel the profit is enough, you can close 1/2 and move Sl to entry
Note
+40 pips for sell strategyNote
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