XAU price increased at the beginning of the week
Updated
Last week, the world gold price in the first session of the week traded at 2,335 USD/ounce. In the following sessions, gold prices could not maintain the mark above 2,340 USD and began to decline, reaching the lowest level of the week below 2,283 USD.
World gold price increased again above 2,325 USD/ounce after the Federal Reserve (Fed) announced information on the roadmap to adjust interest rates. However, gold prices could not maintain their upward momentum and weakened at the end of the week.
Gold price on Kitco closed the trading week at 2,301 USD/ounce. June gold futures price closed at 2,309.70 USD/ounce, down about 1% compared to last Friday.
Kitco News's latest weekly gold survey shows that experts are less positive about gold's prospects in the short term. Most retail traders believe that gold prices will decrease or move sideways. According to a Wall Street survey, 40% believe that gold prices will continue to move sideways, 33% predict a decrease.
World gold price increased again above 2,325 USD/ounce after the Federal Reserve (Fed) announced information on the roadmap to adjust interest rates. However, gold prices could not maintain their upward momentum and weakened at the end of the week.
Gold price on Kitco closed the trading week at 2,301 USD/ounce. June gold futures price closed at 2,309.70 USD/ounce, down about 1% compared to last Friday.
Kitco News's latest weekly gold survey shows that experts are less positive about gold's prospects in the short term. Most retail traders believe that gold prices will decrease or move sideways. According to a Wall Street survey, 40% believe that gold prices will continue to move sideways, 33% predict a decrease.
Note
SELL XAU 2311 - 2313TP1: 2307
TP2: 2302
SL: 2319
Note
running + 30 pips
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