Gold prices fell on Wednesday on the prospect of a ceasefire in Ukraine, while investors braced for key U.S. inflation data later in the day to gauge the Federal Reserve's interest rate path amid trade tensions and recession fears.
The United States agreed on Tuesday to resume military aid and intelligence sharing with Ukraine after talks in which Kiev said it would accept a U.S. proposal for a 30-day ceasefire in its conflict with Russia, the two countries said in a joint statement.
XAUUSD trading strategy around the price zone:
SELL XAUUSD around 2924-2926
Stoploss: 2930
Take Profit 1: 2919
Take Profit 2: 2913
Take Profit 3: 2908
BUY XAUUSD around 2900-2902
Stoploss: 2895
Take Profit 1: 2908
Take Profit 2: 2914
Take Profit 3: 2920
Note: Always set Stoploss in all cases to be safe
The United States agreed on Tuesday to resume military aid and intelligence sharing with Ukraine after talks in which Kiev said it would accept a U.S. proposal for a 30-day ceasefire in its conflict with Russia, the two countries said in a joint statement.
XAUUSD trading strategy around the price zone:
SELL XAUUSD around 2924-2926
Stoploss: 2930
Take Profit 1: 2919
Take Profit 2: 2913
Take Profit 3: 2908
BUY XAUUSD around 2900-2902
Stoploss: 2895
Take Profit 1: 2908
Take Profit 2: 2914
Take Profit 3: 2920
Note: Always set Stoploss in all cases to be safe
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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.