US lawmakers have agreed "in principle" to increase the spending limit for the next two years, potentially preventing a US debt default before the June deadline.
This has eased concerns about economic disruption and boosted returns on risky assets.
However, gold prices have dropped as the dollar has strengthened, reaching two-month highs.
Markets anticipate a potential rate hike by the Fed in June, which is not favorable for non-yielding assets like gold.
If gold drops below $1,954 it may invite gold sellers, but an upward-sloping trend line from November 2022 challenge the bears at $1,930.
XAUUSD
SELL 1953-1955
Stop Loss 1963
My own expected return is 1950 - 1943 - 1935
BUY SCALP 1940-1943
Stoploss 1936
My own expected return is 1945 - 1950 - 1955
How about you?
NOTE: Always put TP, SL to keep your account safe and win the market!
This has eased concerns about economic disruption and boosted returns on risky assets.
However, gold prices have dropped as the dollar has strengthened, reaching two-month highs.
Markets anticipate a potential rate hike by the Fed in June, which is not favorable for non-yielding assets like gold.
If gold drops below $1,954 it may invite gold sellers, but an upward-sloping trend line from November 2022 challenge the bears at $1,930.
XAUUSD SELL 1953-1955
Stop Loss 1963
My own expected return is 1950 - 1943 - 1935
BUY SCALP 1940-1943
Stoploss 1936
My own expected return is 1945 - 1950 - 1955
How about you?
NOTE: Always put TP, SL to keep your account safe and win the market!
Note
Start buying entryNote
Buy 1940 -> 1945 +50pipsNote
GOLD 1949 +90PIPS
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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.
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.