ðŸ”ĨðŸ”ĨGOLD TO 2330ðŸ”ĨðŸ”Ĩ

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âĪïļMY FOREX TEAMâĪïļ

INFORMATION

Gold price climbs steadily, eyeing Wednesday's $2,300 psychological figure amid high US Treasury bond yields and a soft US Dollar. Speeches from Federal Reserve officials, strong jobs data, and a dip in services business activity weighed on the American currency. Therefore, the XAU/USD spot price is at $2,295, refreshing all-time highs and gaining more than 0.60%.

Recently, Fed Chair Jerome Powell stated the US central bank has time to deliberate about rate cuts, given the strength of the economy and the inflation readings. He reiterated that if the economy evolves as expected, they will cut borrowing costs “at some point this year.”


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âĪïļMY FOREX TEAM - Technical Analysis

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âĪïļNOTE

Gold price soars, supported by weakening US Dollar in face of high Treasury yields.
XAU/USD was boosted by Fed Chair Powell hinting at rate cuts within the year, contingent on sustained inflation decline.
Despite a strong job market as shown by ADP data, indications of a slowdown in services activity contribute to the precious metal's gains.

âĪïļMONEY CAPITAL MANAGEMENT

⚡ïļ Only Trade With Risk Capital
⚡ïļ Cut Losses Short, Let Profits Run On
⚡ïļ Avoid Using Too Much Leverage
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⚡ïļ Take profit equal to 4-6% of your capital
⚡ïļ Stop lose equal to 2-3% of your capital
āļšāļąāļ™āļ—āļķāļāļŠāđˆāļ§āļĒāļˆāļģ
Buy Limit @ 2278 - 2284 SL @ 2274
āļšāļąāļ™āļ—āļķāļāļŠāđˆāļ§āļĒāļˆāļģ
SELL @ 2294 - 2297 TP @ 2283 SL @ 23307
āļšāļąāļ™āļ—āļķāļāļŠāđˆāļ§āļĒāļˆāļģ
SELL TP OPEN CANCEL THE BUY LIMIET
āļšāļąāļ™āļ—āļķāļāļŠāđˆāļ§āļĒāļˆāļģ
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