Gold Price Forecast: XAU/USD aims to sustain above $1,980!
Updated
Hello trader. In the Asian trading session, the Gold price (XAU/USD) is striving to maintain its trading level above the significant hurdle of $1,980.00. Despite some indications of recovery in the US Dollar Index (DXY) from 102.00, the precious metal aims to exceed its Thursday's peak of $1,984.65.
During the Asian trading hours, S&P500 futures experienced notable growth. The US stock market has continued to show a positive trend, indicating a buoyant market sentiment. Additionally, there has been a decrease in the demand for US Treasury bonds with the expectation that the banking sector in the US will not face any more losses.
BUY XAUUSD 1973-1977
TAKE PROFIT1: 1987
TAKE PROFIT2: 1995
STOPLOSS: 1967
Note: Note: Full TP, SL for winning the market and safe trading!
During the Asian trading hours, S&P500 futures experienced notable growth. The US stock market has continued to show a positive trend, indicating a buoyant market sentiment. Additionally, there has been a decrease in the demand for US Treasury bonds with the expectation that the banking sector in the US will not face any more losses.
BUY XAUUSD 1973-1977
TAKE PROFIT1: 1987
TAKE PROFIT2: 1995
STOPLOSS: 1967
Note: Note: Full TP, SL for winning the market and safe trading!
Note
Running BUY +30pipsTrade active
HIT TP1 +140pips
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