XAUUSD 29/06: GDP today - Gold will reach 1900?

XAUUSD Gold prices are trading near three-month lows, as the US Dollar is extending its recovery mode amid rising Fed expectations and ahead of a fresh round of US mid-level economic data releases.

Immediate support is anticipated at $1,900, below which a fresh downtrend towards as low as $1,886 (March 15) cannot be ruled out.

Conversely, a strong resistance is pegged near the $1920 area, above which Gold buyers need to reclaim $1,930 for a sustained recovery.

You might consider Selling gold around 1918 – 1916
And my goal will be 1911 – 1904

You might consider Buying gold around 1893 – 1897
And my goal will be 1904 – 1918


Note: Fully install TP, SL to prioritize safety in trading and conquering the market.

Kommentar:

🟢Fed Chair Jerome Powell: I think there will be more tightening going forward.

🟢Three American banks failed in the last period.

🟢One of them was due to the lack of control over interest rates.

Kommentar:

The Fed said that banks have passed their annual stress tests, showing that they can withstand a severe recession.

Trade ist aktiv:

PLAN BUY RUNNING +110PIPS

HIT TP 1 !

Kommentar:

Gross domestic product (GDP) measures the annual change in the inflation-adjusted value of all goods and services produced by an economy. It is the broadest measure of economic activity and a key indicator of the health of the economy.

Kommentar:

plan is still running, waiting

Kommentar:

PLAN BUY RUNNING!
+50PIPS