Gold 03/07: Gold opens new month

GOLD Data released from the US on Friday showed the PCE Index decelerated to 3.8% in May from 4.3% previously. Additionally, the Core PCE Price Index fell to 4.6% from 4.7% in April.
Aggressive major central banks also weaken XAU/USD.

The more hawkish outlook of major central banks seems to further undermine demand for safe-haven gold and contribute to Monday's modest intraday declines.

A break above the immediate hurdle of $1922 is likely to face stiff resistance near the $1936 horizontal zone.

The strategy for the beginning of the week is that I will watch a lot of GOLD SELL around the $1920 area.

การซื้อขายยังคงดำเนินอยู่:

Everything is going according to my plan