Gold price (XAU/USD) stays on the front foot around 
2,000 during a three-day winning streak amid early Wednesday. In doing so, the bright metal benefits from the risk aversion wave, mainly led by the fresh banking fears and woes surrounding the United States debt ceiling expiration, as well as the Federal Reserve’s (Fed) policy pivot. It’s worth noting that the XAU/USD run-up pays little heed to the US Dollar’s recent recovery ahead of the US Durable Goods Orders for March.
SELL ZONE:
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TAKE PROFIT:
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#M88N
#GOODLUCK
2,000 during a three-day winning streak amid early Wednesday. In doing so, the bright metal benefits from the risk aversion wave, mainly led by the fresh banking fears and woes surrounding the United States debt ceiling expiration, as well as the Federal Reserve’s (Fed) policy pivot. It’s worth noting that the XAU/USD run-up pays little heed to the US Dollar’s recent recovery ahead of the US Durable Goods Orders for March.SELL ZONE:
Refer to mapping
TAKE PROFIT:
Refer to mapping
#M88N
#GOODLUCK
Note
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70 pips down
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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.