XAU increased dramatically after the release of US economic data
Gold prices rebounded sharply after US PCE data matched estimates, along with a manufacturing PMI report and a lower-than-expected consumer confidence index.
after the US core PCE report was in line with estimates, along with the manufacturing PMI report and US consumer confidence index were lower than expected, demonstrating weakness in the world's largest economy. gender.
However, the market still needs to be cautious with important US economic data this week, including the services PMI report, Fed Chairman Powell's hearing and the JOLTS jobs report.
after the US core PCE report was in line with estimates, along with the manufacturing PMI report and US consumer confidence index were lower than expected, demonstrating weakness in the world's largest economy. gender.
However, the market still needs to be cautious with important US economic data this week, including the services PMI report, Fed Chairman Powell's hearing and the JOLTS jobs report.
Comment:
RUNNING + 40 PIPS
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TP1: 2110
TP2: 2090
SL: 2125