XAU continues mourning after CPI news
Updated
Gold prices maintained their upward momentum, supported by lower-than-estimated PMI data. In the European session, gold continued to increase from $2,119 to $2,140 and then decreased again to close the session at $2,128. Precious metals continue to be supported by recent US economic data, but the market is still waiting for the JOLTS jobs report and Fed Chairman Powell's testimony today. Currently, gold is falling slightly to $2,126.
Note
Sell XAU 2125 - 2127TP1: 2115
Tp2: 2110
SL: 2137
Note
Running + 20 pipsNote
running + 30 pipsNote
Sell XAU 2142 - 2140TP1: 2130
Tp2: 2120
SL: 2148
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