XAUUSD: The return of the uptrend!
Updated
Hello traders, I have some useful information for you
On Thursday, the price of gold took a significant plunge, hitting a low of 2,011.09 for the week before stabilizing slightly higher later in the day. This drop was a result of the US Dollar gaining strength in the face of a persistently negative market sentiment, which led to a sell-off in stocks. Furthermore, the banking sector was hit by the news of the FDIC's proposal to charge additional fees to large banks. The proposed fees are aimed at covering the $16 billion lost on the rescue of Silicon Valley Bank and Signature Bank in March. However, banks with assets below $ 5bn would be exempt from the additional charges, which would be implemented over the course of two years.
Gold is expected to return to an uptrend
Maybe BUY XAUUSD zone 2000 - 2004 with Stoploss at 1998. Profit depends on your greed :D
On Thursday, the price of gold took a significant plunge, hitting a low of 2,011.09 for the week before stabilizing slightly higher later in the day. This drop was a result of the US Dollar gaining strength in the face of a persistently negative market sentiment, which led to a sell-off in stocks. Furthermore, the banking sector was hit by the news of the FDIC's proposal to charge additional fees to large banks. The proposed fees are aimed at covering the $16 billion lost on the rescue of Silicon Valley Bank and Signature Bank in March. However, banks with assets below $ 5bn would be exempt from the additional charges, which would be implemented over the course of two years.
Gold is expected to return to an uptrend
Maybe BUY XAUUSD zone 2000 - 2004 with Stoploss at 1998. Profit depends on your greed :D
Trade active
Running +100pips. Profit depends on your greed
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.