Gold is pushing ATH again Monday due the Sidney Session currently 3.368.24 looking to hit 3.400.65 @ T/P trade been open since Wednesday last week Held over the weekend.
Observation: Due to Tariffs from the USA this has attracted a further safe Haven also with a small sell due to long Weekend.
Disclaimer Never trade more than your prepared to loose ensure S/L T/P always consider manual close. This not financial advice.
Observation: Due to Tariffs from the USA this has attracted a further safe Haven also with a small sell due to long Weekend.
Disclaimer Never trade more than your prepared to loose ensure S/L T/P always consider manual close. This not financial advice.
Note
Gold surged more than 1% to above $3,370 per ounce on Monday, setting a new record high, buoyed by safe-haven demand amid global trade tensions, as well as a weaker U.S. dollar.Note
In addition, the European Central Bank's recent interest rate cut enhanced the precious metal's allure in a low-yield environment.Meanwhile, White House economic adviser Kevin Hassett on Friday said that the Trump administration was continuing to study if they could fire Federal Reserve Chair Jerome Powell, a sign that such a move, a matter of great consequence for the central bank's independence and for global markets, is still an option.
Note
Key points:U.S. dollar hits three-year low as Trump criticizes Fed
Trump to pressure tariff-exemption seekers to limit China trade
Next milestone for gold could be $3,500 level, analyst says
Gold prices surged to a record high on Monday, spurred by concerns over global economic growth due to the spiralling Sino-U.S. trade war, with a weaker dollar further boosting the rally.
Trade active
Trade closed: target reached
trade hit TP 3400.65
Disclaimer
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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.