Short

XAUUSD 23/06: XAU/USD is aiming to break through the $1,900 mark

Updated

The bellicose statements of Fed Chairman Jerome Powell have led to increased demand for the US dollar.

Along with that, US macroeconomic data turned out to be worse than anticipated, raising concerns and adding pressure to market sentiment. Initial jobless claims for the week ending June 16 rose 264K from the 260K financial markets expected.

Despite the negative mood in the market, the XAU/USD pair is trending down and is aiming to break through the $1,900 mark.

You might consider Selling gold around XAUUSD 1926 - 1929
And my goal will be XAUUSD 1920 - 1900

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

Note

Gold settles near its lowest level in 3 months, and markets evaluate Powell's statements Stability also for oil after a sudden drop in US crude stocks , FedEx shares are experiencing a sharp loss.

Trade active

The Federal Reserve is likely not to increase capital requirements for small banks.

Note

Fed chief Jerome Powell again signals more rate hikes are likely this year, prompting weakness in the equity and energy markets and the focus on the latest round of central bank speakers.

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