XAUUSD : Will gold continue to rise again after today's data?
Updated
Gold turned down as the market waited for the CB consumer confidence report.
Gold rose to $2,181 late yesterday as the USD weakened, focus turned to today's CB consumer confidence report.
In the March 25 session, gold swept both ways but ended at a higher price when the USD fell. The precious metal rose to $2,178 then fell to $2,163, then reversed all losses and bounced to $2,181 before correcting to end the day at $2,175.
Today, the market will receive CB's consumer confidence report and durable goods orders. Currently, gold is falling to $2,171.
Gold rose to $2,181 late yesterday as the USD weakened, focus turned to today's CB consumer confidence report.
In the March 25 session, gold swept both ways but ended at a higher price when the USD fell. The precious metal rose to $2,178 then fell to $2,163, then reversed all losses and bounced to $2,181 before correcting to end the day at $2,175.
Today, the market will receive CB's consumer confidence report and durable goods orders. Currently, gold is falling to $2,171.
Trade active
SELL 2173 - 2175 TP : 2170
TP2 : 2165
SL 2183
Note
Buy 2163 - 2165 TP 2170
TP2 2175
SL 2159
Note
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⚡️ running +50 pips - Move SL to Entry🔼🔼🔼⏫⏫⏫Note
SELL 2179 - 2181TP : 2170
TP2 : 2165
SL 2185
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