XAU!! 11/10 continue for price increase
Updated
Hi trader, Maria would like to share opinion: XAU/USD
Traders are currently showing hesitancy in making bold predictions about the price of Gold and instead prefer to wait for new indications regarding the future rate-hike trajectory of the Federal Reserve (Fed). According to the United States (US) Nonfarm Payrolls (NFP) report released on Friday, wage growth in September remained moderate, alleviating concerns about inflation. This, combined with recent cautious comments made by various Fed officials, strengthens the likelihood of a potential change in the central bank's policy position.
Signal today: 11/10/2023
🌸 SELL 1880-1882 SL 1890
TP: 1875, 1868, 1860
🌸 BUY 1850-1852 SL 1842
TP: 1858, 1865, 1880
Good luck everyone $$$
Traders are currently showing hesitancy in making bold predictions about the price of Gold and instead prefer to wait for new indications regarding the future rate-hike trajectory of the Federal Reserve (Fed). According to the United States (US) Nonfarm Payrolls (NFP) report released on Friday, wage growth in September remained moderate, alleviating concerns about inflation. This, combined with recent cautious comments made by various Fed officials, strengthens the likelihood of a potential change in the central bank's policy position.
Signal today: 11/10/2023
🌸 SELL 1880-1882 SL 1890
TP: 1875, 1868, 1860
🌸 BUY 1850-1852 SL 1842
TP: 1858, 1865, 1880
Good luck everyone $$$
Note
Sideway gold price around the 1858 - 1862 region, frame H1Note
The buying force is quite strong, the gold price is moving towards the SELL 1880-1882 entry areaNote
Sideway gold price around the 1867 - 1875 area after PPI newsNote
Let's wait for the gold price to reach the SELL 1880-1882 entry zoneNote
The price trend is still going up, Sell entry 1880-1882 is about to be active
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