Gold recovered slightly ahead of the inflation report
Anxiously waiting for news of the inflation report
DXY's slight decline after a few recovery sessions could help gold rise again today. Gold is still a popular asset in the context of high world inflation and Middle East geopolitical tensions. Gold is currently recovering to $2,028 after falling to $2,024 yesterday.
After two days of no action, the SPDR Gold Shares fund sold its holdings from 869.6 tons to 864.99 tons.
DXY's slight decline after a few recovery sessions could help gold rise again today. Gold is still a popular asset in the context of high world inflation and Middle East geopolitical tensions. Gold is currently recovering to $2,028 after falling to $2,024 yesterday.
After two days of no action, the SPDR Gold Shares fund sold its holdings from 869.6 tons to 864.99 tons.
Note
XAU SELL 2030 - 2034TP1: 2020
TP2: 2010
SL 2045
Note
running + 40 pipsNote
hit TP1 + 100 pips
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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.