Short

XAUUSD 27/06: Gold waits for signals from CB news

Updated

Spot gold edged higher at the weekly open, filling a gap later in the European session.
However, investors take a more cautious stance as major central banks continue to combat inflation with rate hikes at a time when most are believed to have paused and are preparing to move in the opposite direction. again.

Gold prices struggled to gain any meaningful traction on Tuesday and hovered in a narrow trading range, just above the $1920 level. The daily chart for XAU/USD offers a neutral to bearish view, lacking directional strength.

CB News Consumer confidence tonight will likely be a turning point for gold's more pronounced trend.

Support level: 1,912.50 1,903.80 1,988.10
Resistance levels: 1,933.50 1,941.90 1,956.70

You might consider Buying gold around XAUUSD 1910 – 1913
And my goal will be 1918 – 1928

You might consider Selling gold around XAUUSD 1943 - 1940
And my goal will be 1933 – 1918

Note: Fully install TP, SL to prioritize safety in trading and conquering the market.

Note

Wall Street analysts expect the worst decline in corporate profits since the shock of the pandemic.

Note

The US economy is now expected to narrowly dodge a recession this year, but underlying inflation will be faster than previously thought, according to a Bloomberg survey.

Note

The US economy is now expected to narrowly dodge a recession this year, but underlying inflation will be faster than previously thought, according to a Bloomberg survey.

Note

Lagarde: Monetary policy currently has only one goal: to return inflation to our 2% medium-term target in a timely manner. And we are committed to reaching this goal come what may.

Trade active

XAUUSD 27/06: Gold waits for signals from CB news

Hit entry buy! +50pips
Plan buy running!

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everything is still according to plan

Note

Round 2 begin! Let's buy now!

Note

US President Joe Biden said Tuesday, June 27, that the US economy is "strong at the moment" and that he does not expect a recession, a day before he delivers an economic policy speech in Chicago.

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