XAUUSD Gold prices are trading near three-month lows, as the US Dollar is extending its recovery mode amid rising Fed expectations and ahead of a fresh round of US mid-level economic data releases. Immediate support is anticipated at $1,900, below which a fresh downtrend towards as low as $1,886 (March 15) cannot be ruled out.
Conversely, a strong resistance is pegged near the $1920 area, above which Gold buyers need to reclaim $1,930 for a sustained recovery.
You might consider Selling gold around 1918 – 1916
And my goal will be 1911 – 1904
You might consider Buying gold around 1893 – 1897
And my goal will be 1904 – 1918
Note: Fully install TP, SL to prioritize safety in trading and conquering the market.
Note
🟢Fed Chair Jerome Powell: I think there will be more tightening going forward.🟢Three American banks failed in the last period.
🟢One of them was due to the lack of control over interest rates.
Note
The Fed said that banks have passed their annual stress tests, showing that they can withstand a severe recession.Trade active
PLAN BUY RUNNING +110PIPS
HIT TP 1 !
Note
Gross domestic product (GDP) measures the annual change in the inflation-adjusted value of all goods and services produced by an economy. It is the broadest measure of economic activity and a key indicator of the health of the economy.Note
plan is still running, waitingNote
PLAN BUY RUNNING!
+50PIPS
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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.