XAU/USD holds steady above $1,920, not out of the woods yet

Policy of major central banks: Many major central banks have implemented policies to restrict the rise in gold prices and increase the benchmark interest rate. This can create downward pressure on gold prices, as higher interest rates can reduce the attractiveness of gold as a store of value.

Personal Consumption Expenditures (PCE) index of the United States: This index is a preferred measure of inflation for the Federal Reserve (Fed). The release of the PCE can impact expectations regarding the Fed's future policy actions and can influence gold prices.

Economic reports of the United States: Economic data such as durable goods orders, consumer confidence index, and Richmond manufacturing index can provide new momentum for gold prices. Positive results can help limit the damage to gold prices, while negative results can create stronger downward pressure.

Global economic conditions: Global economic factors, such as economic growth in China, can also impact gold prices. An unstable economic situation can create a demand for safe-haven assets and drive up gold prices, while a strong recovery can dampen the upward momentum of gold prices.

GOLD SELL 1930 - 1927 💯💯

✅ TP1 1923
✅ TP2 1917
✅ TP3 1912

🛑 SL 1935

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