Tuesday 29.02.2023
XAUUSD tests bearish trend channel
S/R zone is also tested
Volume profile only moderately positive
new sell opportunity?
Gold drifts lower as dollar rises. Inflation is rising, the labor market remains tight, and the Fed may raise rates. The XAU/USD slipped to its lowest level since 2023 and fell near $1,800
Surprisingly good inflation data from France and Spain.
Expectations for a 50 basis point rate hike by the ECB.
XAUUSD tests bearish trend channel
S/R zone is also tested
Volume profile only moderately positive
new sell opportunity?
Gold drifts lower as dollar rises. Inflation is rising, the labor market remains tight, and the Fed may raise rates. The XAU/USD slipped to its lowest level since 2023 and fell near $1,800
Surprisingly good inflation data from France and Spain.
Expectations for a 50 basis point rate hike by the ECB.