XAUUSD: The Return of the Buyers
Updated
The rush to safety boosted the demand for the Greenback, as well as the US government bonds, smashing the US Treasury bond yields and Gold price amid a ‘sell the everything’ mode. At the moment, Gold price continues to defy its bullish bias, reflected by the technical indicators. The US Dollar remains on track to book its first weekly gain in three, with eyes on developments surrounding the US debt ceiling issue. A White House spokesperson said on Thursday, “a debt limit meeting between US President Joe Biden and top lawmakers that had been scheduled for Friday has been postponed, and the leaders agreed to meet early next week.“
SELL GOLD zone 2020 - 2023
Stoploss: 2027
Take profit 1: 2015
Take profit 2: 2010
Take profit 3: 2005
BUY GOLD zone 2005 - 2000
Stoploss: 1995
Take profit 1: 2015
Take profit 2: 2030
Take profit 3: 2040
SELL GOLD zone 2020 - 2023
Stoploss: 2027
Take profit 1: 2015
Take profit 2: 2010
Take profit 3: 2005
BUY GOLD zone 2005 - 2000
Stoploss: 1995
Take profit 1: 2015
Take profit 2: 2030
Take profit 3: 2040
Trade closed: target reached
BUY 2005 => to 2022. +170pips ✅✅✅Trade closed: target reached
SELL 2022 => to 2012. +100pips ✅✅✅Trade active
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