Precious metal prices skyrocketed today in the context that many people are still betting on the possibility that the US Federal Reserve (Fed) will raise interest rates again.
Investors are also waiting for some important economic data to be released this week. That is employment data, employee income... This is the influencing factor that has been decided by the Fed.
Meanwhile, the RMB fluctuates strongly according to negative signals of the Chinese economy and measures launched by the Beijing government to rescue the economy. This causes the USD to fall sharply, thereby affecting gold.
XAUUSD BUY 1925-1927🕯
✔️ TP1: 1932
✔️ TP2: 1938
🚫 SL: 1917
Investors are also waiting for some important economic data to be released this week. That is employment data, employee income... This is the influencing factor that has been decided by the Fed.
Meanwhile, the RMB fluctuates strongly according to negative signals of the Chinese economy and measures launched by the Beijing government to rescue the economy. This causes the USD to fall sharply, thereby affecting gold.
XAUUSD BUY 1925-1927🕯
✔️ TP1: 1932
✔️ TP2: 1938
🚫 SL: 1917
