XAUUSD - Gold is up again, where is the sellable area?
Markets will focus on comments by Fed Chair Jerome Powell on Wednesday (July 26) and European Central Bank (ECB) President Christine Lagarde on Thursday (July 27) on the policy outlook. currency.
Gold price always reacts to my dynamic scaling modes. By increasing interest rates will help the USD strengthen, but create the attractive attraction of non-profitable products such as gold significantly decrease.
According to Mr. Simpson, the biggest chance for gold to hit a new record high is when the Fed declares the end of its monetary tightening cycle without an imminent recession.
According to CME's Fedwatch tool, traders expect the Fed to keep interest rates in the 5.25%-5.5% range until 2024.
Gold price always reacts to my dynamic scaling modes. By increasing interest rates will help the USD strengthen, but create the attractive attraction of non-profitable products such as gold significantly decrease.
According to Mr. Simpson, the biggest chance for gold to hit a new record high is when the Fed declares the end of its monetary tightening cycle without an imminent recession.
According to CME's Fedwatch tool, traders expect the Fed to keep interest rates in the 5.25%-5.5% range until 2024.
Note
XAUUSD SELL 1968 - 1970 🕯🕯✅ TP1: 1962
✅ TP2: 1958
✅ TP3: 1950
❌ SL: 1978
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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.