XAU continues to increase while DXY declines slightly
Updated
World gold prices increased sharply yesterday after the Fed decided to keep the standard interest rate unchanged at 5.25-5.5%.
Traders have recently trimmed bets on when the Fed will ease monetary policy this year as the latest data showed the US economy remains resilient and inflation remains “persistent”.
Meanwhile, the weakening dollar and US Treasury yields have prompted some bargain hunting. The dollar fell 0.2% after hitting a near six-month high, making gold cheaper for holders of other currencies, while benchmark US 10-year bond yields also fell.
Traders have recently trimmed bets on when the Fed will ease monetary policy this year as the latest data showed the US economy remains resilient and inflation remains “persistent”.
Meanwhile, the weakening dollar and US Treasury yields have prompted some bargain hunting. The dollar fell 0.2% after hitting a near six-month high, making gold cheaper for holders of other currencies, while benchmark US 10-year bond yields also fell.
Note
SELL XAU 2323 - 2321TP1: 2318
TP2: 2313
SL: 2328
Note
Runnning + 30 pipsNote
Running + 60 pipsNote
hIT tp2 + 100 PIPSNote
close + 150 pipsNote
BUY 2300TP1: 2305
TP2: 2310
SL: 2294
Note
Hit Tp1 + 100 pips
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