XAUUSD prices may decrease in the short term
Updated
World gold spot price is around 2,306.4 USD/ounce, up 5.4 USD/ounce compared to last week. Gold futures price in June 2024 on the Comex New York floor is at 2,304.7 USD/ounce.
Last week, the world gold price in the first session of the week traded at 2,335 USD/ounce. After that, the gold price could not be kept above 2,340 USD and began to decline, the lowest level of the week was below 2,283 USD.
World gold price increased again above 2,325 USD/ounce after the Federal Reserve (Fed) announced information on the interest adjustment roadmap. However, gold prices could not keep their upward momentum and weakened at the end of the week.
The latest weekly survey by Kitco News shows that experts forecast extreme value in terms of gold outlook development in the short term. Most retail traders expect gold prices to fall or move sideways. According to a Wall Street survey, 40% believe that gold prices will continue to move sideways, and 33% predict they will decrease.
This week, the market is interested in notable economic information such as the US 10-term bond fight, preliminary consumer sentiment report from the University of Michigan,...
Last week, the world gold price in the first session of the week traded at 2,335 USD/ounce. After that, the gold price could not be kept above 2,340 USD and began to decline, the lowest level of the week was below 2,283 USD.
World gold price increased again above 2,325 USD/ounce after the Federal Reserve (Fed) announced information on the interest adjustment roadmap. However, gold prices could not keep their upward momentum and weakened at the end of the week.
The latest weekly survey by Kitco News shows that experts forecast extreme value in terms of gold outlook development in the short term. Most retail traders expect gold prices to fall or move sideways. According to a Wall Street survey, 40% believe that gold prices will continue to move sideways, and 33% predict they will decrease.
This week, the market is interested in notable economic information such as the US 10-term bond fight, preliminary consumer sentiment report from the University of Michigan,...
Note
💵XAUUSD BUY 2302- 2305 💵✔️TP 2310
✔️TP 2315
❌SL 2297
🔥XAUUSD SELL 2318 - 2321🔥
✔️TP 2305
✔️TP 2290
🚫SL 2329
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