XAUUSD : Gold prices hit a new record peak
Gold turned down after a galloping increase at the beginning of the week.
Gold has now adjusted back down after yesterday's increase to $2,353, the market awaits the upcoming US CPI report.
During the April 8 session, gold turned down after a galloping increase on Monday. The precious metal spiked to nearly $2,354, then corrected down to $2,318 and then recovered slightly and ended the day at $2,328.
Gold prices continuously touch record highs ahead of US inflation data on Wednesday, which is an important basis for determining the upcoming direction of interest rates.
Gold prices are currently reaching nearly 2,340 USD/oz at the beginning of today's Asian session, after closing the Monday session up 0.4%. According to forecasts of economists in a Bloomberg survey, the March CPI report will likely show signs of cooling inflation and this scenario will create conditions for the Fed to cut interest rates.
The economic calendar is devoid of any prominent economic events as the market awaits US CPI data tomorrow. Currently, gold is rising to $2,345.
Gold has now adjusted back down after yesterday's increase to $2,353, the market awaits the upcoming US CPI report.
During the April 8 session, gold turned down after a galloping increase on Monday. The precious metal spiked to nearly $2,354, then corrected down to $2,318 and then recovered slightly and ended the day at $2,328.
Gold prices continuously touch record highs ahead of US inflation data on Wednesday, which is an important basis for determining the upcoming direction of interest rates.
Gold prices are currently reaching nearly 2,340 USD/oz at the beginning of today's Asian session, after closing the Monday session up 0.4%. According to forecasts of economists in a Bloomberg survey, the March CPI report will likely show signs of cooling inflation and this scenario will create conditions for the Fed to cut interest rates.
The economic calendar is devoid of any prominent economic events as the market awaits US CPI data tomorrow. Currently, gold is rising to $2,345.
Comment:
Buy 2349 - 2351
TP1 : 2360
TP2 : 2365
TP3 : 2370
SL 2340
TP1 : 2360
TP2 : 2365
TP3 : 2370
SL 2340
Trade active:
running 30 pips
Comment:
running 50 pips
Comment:
running 70 pips
Comment:
Hit Tp1 90 pips
Trade active:
Hit 120 pips
Comment:
Hit TP2 140 pips
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TP1 : 2345
TP2 : 2350
TP3 : 2355
SL 2330