World gold price stood at 1,945 USD/ounce, up 6 USD/ounce compared to last week's closing session. Gold prices have just gone through a week of strong increases. For the whole week, gold increased by more than 1.25% in value.
The gloomy US economic data released last week shows that the Fed is unlikely to raise interest rates at this month's meeting. Besides, the USD and US government bond yields are also under downward pressure before these figures, thereby supporting gold prices.
The gloomy US economic data released last week shows that the Fed is unlikely to raise interest rates at this month's meeting. Besides, the USD and US government bond yields are also under downward pressure before these figures, thereby supporting gold prices.
Note
🕯 SELL GOLD | 1930 - 1927🔴 SL: 1935
🟢 TP1: 1922
🟢 TP2: 1917
Trade active
Running + 25pips ✔️✔️✔️Trade closed: target reached
Close Full Hit TP1 + 70pips 😮
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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.