Gold 15.08 unable to break the resistance zone 1900

The yellow metal is also set for little relief this year, with U.S. rates set to remain at 22-year highs for at least the remainder of 2023.

USD recovers causing gold to plunge around resistance 1900, we can set up buy order here , and my target is the price zone 1920 - 1925.

What is your opinion? can let me know in the comment section, thanks.
* Let's win the market together*

Kommentera:

Gold had its worst week in seven weeks and is still being swayed by a stronger dollar and higher bond yields as investors look to the latest US inflation numbers and wait. More economic data.

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Gold's decline comes amid continued rise in Treasury yields, which is also inadvertently supporting the USD.

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Interest rate increases tend to lift bond yields and also raise the opportunity cost of holding non-yielding bullion.

Handel aktiv:

Buy Scalp Gold 1903 - 1901
SL: 1895
TP1: 1908
TP2: 1913

Handel aktiv:

+ 30 pip

Kommentera:

Gold price is getting weaker and weaker because of concern about interest rates, SPDR Gold Trust "shark" released more than 5 tons

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The price line is following the plan that I set out

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