Gold prices met fresh supply at the end of the week and extended the day's steady downtrend into the early European session.
Fed Chairman Jerome Powell said earlier this week that he does not see inflation falling to the Fed's 2% target level through 2025. This continues to push US Treasury yields higher and support the USD.
The DXY index climbed to a fresh two-and-a-half-week high in the past hour and continued to gain support from expectations the Fed will tighten policy further.
You might consider Buying gold around
And my goal will be 1921 – 1935
You might consider Selling gold around
And my goal will be 1918 – 1904
Note: Fully install TP, SL to prioritize safety in trading and conquering the market.
Note
Gold records quarterly losses, but retains part of its semi-annual gains.Trade active
plan buy +190pipsstill running
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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.