Gold rebounded higher after the disappointing services PMI report.
Gold broke out and increased around the $2,300 area after the US services PMI report was lower than expected.
In the April 3 session, gold was supported when the ISM services PMI report dropped to 51.4 compared to the initially estimated level of 52.8. The precious metal fell to $2,267 early in the European session but then rebounded sharply and ended the day at $2,293 after the PMI data was released.
Today, the market will receive unemployment benefit applications along with further speeches from Fed officials. Currently, gold is rising to $2,300.
Gold broke out and increased around the $2,300 area after the US services PMI report was lower than expected.
In the April 3 session, gold was supported when the ISM services PMI report dropped to 51.4 compared to the initially estimated level of 52.8. The precious metal fell to $2,267 early in the European session but then rebounded sharply and ended the day at $2,293 after the PMI data was released.
Today, the market will receive unemployment benefit applications along with further speeches from Fed officials. Currently, gold is rising to $2,300.
Trade active
Buy Limit 2288 - 2290TP1 : 2295
TP2 : 2300
TP3 : 2305
SL : 2280
SELL Now : 2298 - 2300
TP1 : 2295
TP2 : 2290
TP3 : 2288
SL : 2305
Note
Running sell 20 pipsNote
hit tp 1 30 pipsNote
Hit 50 pipsNote
Round 2 Sell Hit 50 pipsNote
Round 1 BUY Limit Hit 100 pips Round 2 BUY Limit Hit Full 170 pips
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Related publications
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.