XAU today waiting for the meeting from the Fed.
⚡️Gold prices fell Tuesday as the U.S. currency and bond yields remained firm before a string of Federal Reserve speakers this week.
⚡️While the yellow metal marked a strong run-up over the past two weeks, it has struggled to make headway in recent sessions, especially as the dollar and yields remained resilient despite signs of cooling U.S. economic activity.
⚡️Expectations that the Fed will keep rates higher for longer have kept investor appetite for gold limited, with recent labor and inflation indicators showing that the central bank still needs to keep policy restrictive in the near-term.
⚡️In the H1 frame, the Elliot wave cycle is in wave 4 with quite strong buying force, the best selling point is the 1930 price area. After the two EMAs crossed yesterday, the downtrend continued, the 1930 price zone also happened. take place. is the EMA backtest zone.
⚡️Share your ideas with Krado, I'm looking forward to it⚡️
⚡️While the yellow metal marked a strong run-up over the past two weeks, it has struggled to make headway in recent sessions, especially as the dollar and yields remained resilient despite signs of cooling U.S. economic activity.
⚡️Expectations that the Fed will keep rates higher for longer have kept investor appetite for gold limited, with recent labor and inflation indicators showing that the central bank still needs to keep policy restrictive in the near-term.
⚡️In the H1 frame, the Elliot wave cycle is in wave 4 with quite strong buying force, the best selling point is the 1930 price area. After the two EMAs crossed yesterday, the downtrend continued, the 1930 price zone also happened. take place. is the EMA backtest zone.
⚡️Share your ideas with Krado, I'm looking forward to it⚡️
Comment:
⚡️Gold trades slowly waiting for PMI
Comment:
⚡️The actual PIM news is greater than the forecast, which is not a good outlook for gold
Trade closed: target reached
