XAUUSD : Gold fell sharply as the US economy remained resilient.
Updated
Gold weakened after lower-than-expected unemployment claims and manufacturing PMI rose, the focus turned to Chairman Powell's speech today.
During the March 21 session, gold prices were under pressure when the number of applications for US unemployment benefits was lower than expected and the manufacturing PMI index increased. The precious metal dropped sharply from $2,207 to $2,166 after the news, then increased slightly and ended the day at $2,182.
Today, the market will receive Chairman Powell's speech on the recent interest rate decision as well as the future prospects. Currently, gold is falling to $2,176.
During the March 21 session, gold prices were under pressure when the number of applications for US unemployment benefits was lower than expected and the manufacturing PMI index increased. The precious metal dropped sharply from $2,207 to $2,166 after the news, then increased slightly and ended the day at $2,182.
Today, the market will receive Chairman Powell's speech on the recent interest rate decision as well as the future prospects. Currently, gold is falling to $2,176.
Note
SELL - 2175 - 2177TP 2170
TP2 : 2165
SL : 2185
Note
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