XAU weakens after US PCE data

During the March 26 session, gold prices rose back to $2,195, but as soon as data on the number of US durable goods orders was announced, gold adjusted back down. Price support is currently located around the old peak at $2,144.5

There won't be much major news coming out in the near term, so all eyes will be on the US PCE data, released on Friday as traders look for data to predict. When will the Fed lower interest rates?

Comment:

BUY XAU 2175 - 2170

TP1: 2185
TP2: 2195

SL: 2160

Comment:

BUY GOLD 2175 - 2170

TP1: 2185
TP2: 2195

SL: 2160

Comment:

running + 50 pips

Comment:

Hit TP 2 + 200 pips

Comment:

CLOSE ALL + 240 pips

Comment:

💵XAUUSD SELL 2195 - 2197💵

✔️TP 2190
✔️TP 2180

❌SL 2202