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Gold Spot / U.S. Dollar

XAU recovers after news-driven plunge

By NicoTradingMaster
Gold rose slightly in early trading after reversing sharply lower yesterday. Gold benefited from the sharp decline in the US dollar and government bond yields following the Fed policy decision, with the metal surging more than $30 to a new all-time high of $2,600.14. However, the recovery in the US dollar and yields during and after Mr. Powell's press conference pushed gold back down to around $2,550. At the end of yesterday's session, gold adjusted to $2,556, recording a decline of more than $10.
Comment
SELL XAU 2593 - 2595

TP1: 2590
TP2: 2582
SL: 2600
Comment
running + 70 pips
Comment
close all + 130 pips
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NicoTradingMaster
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