Gold's upward momentum is still maintained but the price has not yet been able to return to the $2,400 threshold
Gold prices are currently maintaining their upward momentum and are trading around $2,380 despite the strength of the greenback.
Gold prices increased slightly at the end of the US session yesterday after a hawkish speech by Fed Chairman Jerome Powell. Along with that, the fact that US retail sales are also remaining at a high level has caused the USD to continue to increase in price and somewhat limited the rise of precious metals. XAU/USD is currently trading around $2,380, with closest support located at the April 12 bottom around $2,343, below the psychological threshold of $2,300.
Gold prices are currently maintaining their upward momentum and are trading around $2,380 despite the strength of the greenback.
Gold prices increased slightly at the end of the US session yesterday after a hawkish speech by Fed Chairman Jerome Powell. Along with that, the fact that US retail sales are also remaining at a high level has caused the USD to continue to increase in price and somewhat limited the rise of precious metals. XAU/USD is currently trading around $2,380, with closest support located at the April 12 bottom around $2,343, below the psychological threshold of $2,300.
Trade active
Buy 2378 - 2380TP : 2385
TP2 : 2390
SL 2370
Buy Litmit 2373 - 2375
TP : 2380
TP2 : 2385
SL 2365
Note
Entry buy limit hit TP1 70 pips 🪙🪙🪙Note
Entry buy limit hit TP1 120 pips 🪙🪙🪙Entry Buy 78 Hit TP 1 70 pips
Note
Entry buy limit hit TP3 170 pips 🪙🪙🪙Entry Buy 78 Hit Full TP 120 pips 🪙🪙🪙
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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.