World gold price this morning fluctuated in base band
Gold prices fluctuated within a narrow range at the start of the week as investors awaited more information on US economic data to gain clearer insights into the Federal Reserve's monetary policy stance.
Last week, gold experienced a sharp sell-off on Thursday following optimistic growth and better-than-expected employment data in the US. However, the precious metal quickly rebounded the next day, approaching $1,960 per ounce, in response to inflation data.
Last week, gold experienced a sharp sell-off on Thursday following optimistic growth and better-than-expected employment data in the US. However, the precious metal quickly rebounded the next day, approaching $1,960 per ounce, in response to inflation data.
Trade active:
Plan SELL Close 1/2 +30pips ✔️✔️✔️ Move SL to Entry
Trade closed: target reached:
Plan SELL Close Full +80pips ✔️✔️✔️
Comment:
Rising risk aversion sentiment in the marketplace is not providing much support for gold as investors continue to react to Fitch Rating's announcement, downgrading the U.S. government's long-term debt to 'AA+' from 'AAA.
đź”´ SL: 1973
🟢 TP1: 1955
🟢 TP2: 1945
đź•Ż BUY GOLD | 1945 - 1942
đź”´ SL: 1937
🟢 TP1: 1950
🟢 TP2: 1955