GOLD - Quick catch of tuning
Updated
Last night, a series of unexpected news about the USD index has caused a significant drop in DXY, with currency pairs XXXUSD, oil, US stock indices, BTC and gold all experiencing rapid increases.
In today's Asian-European session, the market expects gold to undergo a slight correction to around $1930 - $1925 before deciding whether to continue its upward momentum towards $1943 or retreat back to the 18xx range this week.
Today, important indicators will be released. Choosing quick scalping is a suggested safe trend for today.
In today's Asian-European session, the market expects gold to undergo a slight correction to around $1930 - $1925 before deciding whether to continue its upward momentum towards $1943 or retreat back to the 18xx range this week.
Today, important indicators will be released. Choosing quick scalping is a suggested safe trend for today.
Note
The gold market continues to have a strong uptrend and has touched the level of 1947 USD/ounce.Note
The closely watched personal consumption expenditures (PCE) price index in the second quarter rose 2.5% from the first estimate of a 2.6% increase.Note
Stopping interest rates will help the USD sink further, this is an opportunity for investors to buy gold.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.