Gold Spot / U.S. DollarUpdated XAUUSD : Gold is at its historic peak
World gold prices continue to climb and are at a historic peak due to the further weakening of the USD.
According to the CME FedWatch tool, the market is betting on a 100% chance that the US Federal Reserve will cut interest rates on September 18.
Earlier this week, Fed Chairman Jerome Powell said that recently released data "increases confidence" that inflation is falling sustainably toward the Fed's target level.
Many Fed policymakers also said they are increasingly optimistic that price inflation is on track and falling toward the 2% target mark.
According to the CME FedWatch tool, the market is betting on a 100% chance that the US Federal Reserve will cut interest rates on September 18.
Earlier this week, Fed Chairman Jerome Powell said that recently released data "increases confidence" that inflation is falling sustainably toward the Fed's target level.
Many Fed policymakers also said they are increasingly optimistic that price inflation is on track and falling toward the 2% target mark.
Trade active
🔝 1. XAUUSD BUY 2463 - 2465 🪙🪙🪙✔️ TP 2470
✔️ TP2 2475
❌ SL 2455
🔝 2. XAUUSD BUY Limit 2457 - 2460 🪙🪙🪙
✔️ TP : 2465
✔️ TP2 : 2470
❌ SL 2450
Trade active
running 50 pips 🪙🪙🪙Note
hit tp1 70 pips 🪙🪙🪙Note
hit 100 pips 🪙🪙🪙
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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.