SIGNAL GOLD ,before imfomation nonfarmpayroll
Yesterday Chile unexpectedly announced the cancellation of hosting of APEC due to concerns over protests and riots. Delayed trade agreements can also greatly affect. There are new concerns that even if the first phase agreement can be reached, the next phase will be very difficult. The dollar is generally weakening Under inflation this does not provide support for the greenback, as it is pressured by selling after FOMC.
It is natural for the Fed to cut interest rates, the market is not surprised, the market is considering what FED's directions after the meeting, but recently the US President Donald Trump said: the US and China will soon announce a venue, where he and Chinese President Xi Jinping will sign a trade deal this period is likely to have the effect of a slight gold depreciation effect.
The chairman of the Fed said it would not raise interest rates until the US economy stabilized and inflation increased. hope. Personal spending increased by 0.2%, equivalent to US $ 24.3 billion, also in line with expectations. The headline PCE price index dropped to 1.3% yoy, down from 1.4% yoy, below the expectation of 1.4% yoy. Core PCE price index decreased to 1.7% yoy, down from 1.8% yoy, in line with expectations. With quite good economic data, the fact that nonfarm SparaFX today has been informed that the USD will have a slight adjustment.
Technical analysis
GOLD on the H4 frame has completely broken the downtrend before breaking the extended trendline, the buy strategy yesterday was quite successful when targeting the 1505 area. supply zone and trendline on d1 at the same time, however, with the current scenario SpartaFX receives GOLD most likely to increase first and then decrease later, in particular, it will move to 1520-1522 area. was.
Here we give some reference scenarios for you guys !!
GOLD sell 1520-1521 SL 1524 TP 1506
Consider buying around 1505-1506 SL 1500 TP 1531
I wish you a successful weekend trading, please note the absolute compliance with stoploss.
Goodluck
It is natural for the Fed to cut interest rates, the market is not surprised, the market is considering what FED's directions after the meeting, but recently the US President Donald Trump said: the US and China will soon announce a venue, where he and Chinese President Xi Jinping will sign a trade deal this period is likely to have the effect of a slight gold depreciation effect.
The chairman of the Fed said it would not raise interest rates until the US economy stabilized and inflation increased. hope. Personal spending increased by 0.2%, equivalent to US $ 24.3 billion, also in line with expectations. The headline PCE price index dropped to 1.3% yoy, down from 1.4% yoy, below the expectation of 1.4% yoy. Core PCE price index decreased to 1.7% yoy, down from 1.8% yoy, in line with expectations. With quite good economic data, the fact that nonfarm SparaFX today has been informed that the USD will have a slight adjustment.
Technical analysis
GOLD on the H4 frame has completely broken the downtrend before breaking the extended trendline, the buy strategy yesterday was quite successful when targeting the 1505 area. supply zone and trendline on d1 at the same time, however, with the current scenario SpartaFX receives GOLD most likely to increase first and then decrease later, in particular, it will move to 1520-1522 area. was.
Here we give some reference scenarios for you guys !!
GOLD sell 1520-1521 SL 1524 TP 1506
Consider buying around 1505-1506 SL 1500 TP 1531
I wish you a successful weekend trading, please note the absolute compliance with stoploss.
Goodluck
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