XAUUSD today continuing downward trend.
Updated
⚡️ Gold price (XAU/USD) drops vertically to near $1,915.00 as uncertainty over the interest rate outlook by the Federal Reserve (Fed) deepens. The upside in the precious metal remains restricted as Fed policymakers continue to maintain a hawkish stance for upcoming monetary policy meetings. Chicago Federal Reserve Bank President Austan Goolsbee said "It feels like rates will have to stay higher for longer than markets had expected,"
⚡️ The US Dollar has also demonstrated a volatility contraction plot, but the broader trend remains bullish due to the resilient US economy. Investors turn cautious about the US economic outlook as the Fed vowed to keep interest rates sufficiently restrictive over the longer term to get inflation under control. This could elevate the Unemployment Rate, slow labor demand, and make factory activities more vulnerable. This week investors will focus on US Durable Goods Orders data and the Fed’s preferred inflation gauge for August.
⚡️I'm very happy to share your opinion.
⚡️SELL
XAUUSD PRICE 1926 -1928
↠↠ STop 1933 → Profit 1920
⚡️BUYXAUUSD PRICE 1905 -1907
↠↠ STop 1900 →Profit 1920
⚡️Psychology, discipline and capital management are the three factors that make victory possible.⚡️
⚡️ The US Dollar has also demonstrated a volatility contraction plot, but the broader trend remains bullish due to the resilient US economy. Investors turn cautious about the US economic outlook as the Fed vowed to keep interest rates sufficiently restrictive over the longer term to get inflation under control. This could elevate the Unemployment Rate, slow labor demand, and make factory activities more vulnerable. This week investors will focus on US Durable Goods Orders data and the Fed’s preferred inflation gauge for August.
⚡️I'm very happy to share your opinion.
⚡️SELL
XAUUSD PRICE 1926 -1928↠↠ STop 1933 → Profit 1920
⚡️BUY
XAUUSD PRICE 1905 -1907↠↠ STop 1900 →Profit 1920
⚡️Psychology, discipline and capital management are the three factors that make victory possible.⚡️
Note
⚡️ Gold price looks to lose ground toward $1,900 amid US Dollar strengthens.Note
XAU continues to be under pressure from green fields. in 2 trading sessions this morning.Note
⚡️Gold prices are still under pressure after the Fed meeting. Economists at Commerzbank analyze the outlook for the yellow metalNote
⚡️The plan is working wellTrade active
Trade closed: target reached
Note
⚡️ Bond yields, dollar seen pressuring gold further despite retreatTrade active
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.