Gold prices (XAU/USD) plunged on Tuesday, falling nearly 2% below the $1,820 threshold, after Fed’s chair Powell embraced a hawkish stance at a Congressional hearing, indicating that the FOMC’s terminal rate is likely to settle higher than initially anticipated in response to sticky inflation. Silver (XAG/USD) also took a beating, plummeting more than 4% to $20.15, its lowest level since November 2022, a bearish move that was reinforced by the U.S. dollar surge in the FX space.
BUY ZONE:
1813-1810
TP 1 : 1823
TP 2 : 1833
TP 3 : 1843/OPEN
SL 1806
#M88N
#GOODLUCK
BUY ZONE:
1813-1810
TP 1 : 1823
TP 2 : 1833
TP 3 : 1843/OPEN
SL 1806
#M88N
#GOODLUCK
Trade active:
Running 60 pips from lowest zone!
Trade closed: target reached:
HIT TARGET 1! 140 PIPS from lowest zone
Trade active:
HIT TARGET 2! 240 PIPS!