XAUUSD - Gold trading strategy session US
On the world gold market, the price of gold traded at the end of last week in the US decreased by 15.9 USD to 1,848.4 USD/ounce. In Asia this morning, gold prices continued to fall to 1,845 USD/ounce.
Gold futures price delivered in December 2023 on the Comex New York floor decreased by 12.5 USD, equivalent to a decrease of 0.67% to 1,866.1 USD/ounce.
The gold market just had its second largest monthly decline this year, only in February, when the end of September fell to 99.8 USD, corresponding to a decrease of 5.08%.
The reasons for the gold sell-off are the recovery of the US dollar to its highest level since November 2011, the highest US bond yields since October 2007 and the US central bank maintaining its regime. your currency in the near future.
In the latest survey, retail investors expect gold to trade around 1,872 USD/ounce in the first week of October.
This week, the market will witness some notable news with the release of the ISM Manufacturing and Services PMI numbers for September along with more speeches from the US and European central bank statistics. Europe, including Fed Chairman Jerome Powell and ECB President Christine Lagarde. The highlight of the week will be the September Nonfarm Payrolls report, which is scheduled for release on Friday morning, but could be canceled if the US government shuts down.
Gold futures price delivered in December 2023 on the Comex New York floor decreased by 12.5 USD, equivalent to a decrease of 0.67% to 1,866.1 USD/ounce.
The gold market just had its second largest monthly decline this year, only in February, when the end of September fell to 99.8 USD, corresponding to a decrease of 5.08%.
The reasons for the gold sell-off are the recovery of the US dollar to its highest level since November 2011, the highest US bond yields since October 2007 and the US central bank maintaining its regime. your currency in the near future.
In the latest survey, retail investors expect gold to trade around 1,872 USD/ounce in the first week of October.
This week, the market will witness some notable news with the release of the ISM Manufacturing and Services PMI numbers for September along with more speeches from the US and European central bank statistics. Europe, including Fed Chairman Jerome Powell and ECB President Christine Lagarde. The highlight of the week will be the September Nonfarm Payrolls report, which is scheduled for release on Friday morning, but could be canceled if the US government shuts down.
TP : 1834
TP : 1840
SL : 1818