XAUUSD: Gold price decreased slightly after FOMC meeting minutes

During the January 3 session, world gold prices decreased slightly mainly due to the increase in the USD. The latest FOMC meeting minutes show that the Fed will not rush to loosen interest rates, prolonging gold's decline. However, gold's initial increase will be maintained when the US interest rate cut plan is expected to be carried out this year and geopolitical tensions increase.

Tomorrow, the market will receive the US employment report, this data can create fluctuations in gold prices as this report will help the market evaluate the economy. Currently, gold is recovering slightly to $2,042.

The SPDR Gold Shares fund on January 3 continued the decline from yesterday when the fund's holdings slid to 874.21 tons.

Trade active:

🔝 XAUUSD : Trading plan January 04, 2024

🪙 We have 2 levels to have a good entry for the BUY signal :

💲 Entry 1 Buy Scalping : 2033 - 2035
💵TP1 : 2040
💵TP2 : 2043
🔴 SL : 2027

💲Entry 2 Buy Limit : 2029 - 2031
💵TP1 : 2035
💵TP2 : 2039
🔴 SL : 2025

🪙 We have 2 levels to have a good entry for the SELL signal :

💲Entry 1 Sell (Scalping) : 2047 - 2049
💵TP1 : 2043
💵TP2 : 2039
🔴 SL : 2055

💲Entry 2 Sell Limit : 2051 - 2053
💵TP1 : 2045
💵TP2 : 2043
🔴 SL : 2057

⚡️⚡️⚡️ Note: For transactions, please leave full TP and SL to ensure safety and bring profit from the market. ‼️

🔔 Admin : @Eva_trade811

Comment:

Hit Entry 1 Sell

Comment:

Entry 1 Sell running + 20 pips - Move SL to Entry

Comment:

Entry 1 Sell running + 30 pips - Move SL to Entry

Comment:

Entry 2 Sell Limit : 2051 - 2053 - running + 20 pips - Move SL to Entry

Comment:

Entry 2 Sell Limit : 2051 - 2053 - running + 40 pips - Move SL to Entry

Trade active:

Yesterday there was a good profit, over 100 pips when gold reached 2037.

Comment:

💲Entry 1 Sell (Scalping) : 2045 - 2047
💵TP1 : 2040
💵TP2 : 2037
🔴 SL : 2053

💲 Entry 1 Buy Scalping : 2033 - 2035
💵TP1 : 2040
💵TP2 : 2043
🔴 SL : 2027

Trade active:

Entry 1 Sell running + 30 pips - Move SL to Entry

Trade active:

Entry 1 Sell Hit TP1 - 60pips - Move SL to Entry

Comment:

Entry 1 Sell Hit - 80 pips - Move SL to Entry