Hello everyone!
Overall, gold has struggled to find a recovery, Gold prices finally surpassed $2,050 after the US core PCE index failed to meet expectations
The US raises expectations that the Fed will cut interest rates in March 2024. In addition, gold prices also increased due to continued political instability. While tensions in Ukraine may linger, the situation in the Middle East remains tense.
About the next trend of gold:
The important news today is that the market will receive the Core Personal Consumption Expenditures (PCE) report, which is the Fed's preferred inflation measure. This report will give investors more clues about the Fed's future direction. On the chart: Gold has broken through resistance. If this news is favorable, gold could quickly move towards the expected level of $2072.
Do you believe we will make a big profit today?
Be disciplined with your transactions and set full TP and SL for each of your orders
Wish you successful trading
Overall, gold has struggled to find a recovery, Gold prices finally surpassed $2,050 after the US core PCE index failed to meet expectations
The US raises expectations that the Fed will cut interest rates in March 2024. In addition, gold prices also increased due to continued political instability. While tensions in Ukraine may linger, the situation in the Middle East remains tense.
About the next trend of gold:
The important news today is that the market will receive the Core Personal Consumption Expenditures (PCE) report, which is the Fed's preferred inflation measure. This report will give investors more clues about the Fed's future direction. On the chart: Gold has broken through resistance. If this news is favorable, gold could quickly move towards the expected level of $2072.
Do you believe we will make a big profit today?
Be disciplined with your transactions and set full TP and SL for each of your orders
Wish you successful trading
Note
BUY XAU 2064 - 2060TP1: 2074
TP2: 2084
SL: 2045
Note
What do you think about today's signal?Note
We have news for USD todayNote
running 30 pipsNote
running + 100 pipsNote
Hit TP1+ 140 pipsNote
Hit TP2 + 240 pips
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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.