Gold likely to rise monthly on central bank bets in a more dovis
Updated
Gold narrowed its losses on Monday and had its best month in four months as major central banks warned of further steps in the year-long global monetary tightening.
The gold spot was flat at $1,959.50 an ounce until 11:32 a.m. Japan time, after falling 0.5% so far. US gold futures fell 0.1% to $1,959.30.
Carlo Alberto de Casa, a market analyst at Kinesis Money, said a stronger euro and weaker US dollar could lead to a short-term recovery for gold after data showed European economic growth accelerating and inflation easing. said to have supported
Dollar bullion prices are expected to record a 2.1% gain this month, their biggest since March, on speculation US interest rates may be nearing a peak. The dollar is headed for a second straight month of decline.
XAUUSD SELL 1968 - 1971
✅ TP1: 1965
✅ TP2: 1960
✅ TP2: 1955
❌ SL: 1976
The gold spot was flat at $1,959.50 an ounce until 11:32 a.m. Japan time, after falling 0.5% so far. US gold futures fell 0.1% to $1,959.30.
Carlo Alberto de Casa, a market analyst at Kinesis Money, said a stronger euro and weaker US dollar could lead to a short-term recovery for gold after data showed European economic growth accelerating and inflation easing. said to have supported
Dollar bullion prices are expected to record a 2.1% gain this month, their biggest since March, on speculation US interest rates may be nearing a peak. The dollar is headed for a second straight month of decline.
XAUUSD SELL 1968 - 1971
✅ TP1: 1965
✅ TP2: 1960
✅ TP2: 1955
❌ SL: 1976
Note
Full TP SP to be safe for the accountNote
+90 Pips , Move SL to Entry ✅✅✅Note
+110 Pips , HIT TP2 ✅✅✅Note
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