Gold continues to trend higher, benefiting from a cooling US dollar and stable Fed interest rates. These two main factors act as powerful levers for the rapid rise in gold prices since the 1933 weakness of the US dollar.
Year-to-date, gold has gained nearly 500 pips in the past week and is approaching resistance at $1,996. To return to the 2010 USD peak, gold will need to maintain its current price stability. Strong support for gold will be at $1,990.
Year-to-date, gold has gained nearly 500 pips in the past week and is approaching resistance at $1,996. To return to the 2010 USD peak, gold will need to maintain its current price stability. Strong support for gold will be at $1,990.
Kommentera:
Please continue to follow XAU's direction, everyone
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Gold is running very slowly waiting for news tonight
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We have PMI news tonight
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Good news for USD, gold will fall sharply
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Gold continues to rise after PMI news
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Gold price increased the highest in the short term, the highest recorded price in 2018
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SELL 2013
TP: 2008
SL 2020
TP: 2008
SL 2020
Kommentera:
running + 40 pips
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Hit TP1
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SELL XAUUSD 2015-2017
TP1 2008
TP2 2000
SL 2022
TP1 2008
TP2 2000
SL 2022
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