The 1960 trend was not strong enough to hold back gold's rise.
Chairman Powell's speech, 10-year US Treasury yields eased from multi-year highs set near 5% and allowed XAU/USD to find support. making gold looking to peak 2000 soon.
Gold prices (XAU/USD) have gained strong positive traction to their highest level since early August, around the $1,962-1,963 area amid the risk of escalating conflict in the Middle East.
Plan Trading will update soon
Chairman Powell's speech, 10-year US Treasury yields eased from multi-year highs set near 5% and allowed XAU/USD to find support. making gold looking to peak 2000 soon.
Gold prices (XAU/USD) have gained strong positive traction to their highest level since early August, around the $1,962-1,963 area amid the risk of escalating conflict in the Middle East.
Plan Trading will update soon
Trade active
SELL GOLD 1874-1876Note
Trade closed: target reached
Plan sell + 40 pipsNote
focus to buy GOLD
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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.