Gold forecast and opportunities
Updated
It’s worth noting that Friday’s downbeat prints of the US Nonfarm Payrolls (NFP) joined the mixed Fed signals to trigger the US Dollar’s retreat from a multi-day high, which in turn allowed the Gold Price to recover from a multi-day-old support line. However, the weekend comments from Fed Governor Michelle Bowman appear hawkish and join the looming geopolitical fears surrounding China to exert downside pressure on the XAU/USD.
Apart from that, the Gold market’s consolidation ahead of festive demand from India, one of the key customers of XAU/USD, also keeps the metal prices down ahead of the key data/events from the US.
Gold buy zone 1936-1932
Target 1942
Target 1950
Target 1955
Note : wishes to traders manage thier capital well and safe
- take small lot's on your account
- take profit 10% of your capital
-stop loss on 4% of your capital
The big trader is who trade long term with tp
Apart from that, the Gold market’s consolidation ahead of festive demand from India, one of the key customers of XAU/USD, also keeps the metal prices down ahead of the key data/events from the US.
Gold buy zone 1936-1932
Target 1942
Target 1950
Target 1955
Note : wishes to traders manage thier capital well and safe
- take small lot's on your account
- take profit 10% of your capital
-stop loss on 4% of your capital
The big trader is who trade long term with tp
Trade active
Hold On
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