XAUUSD : The focus turns to the FOMC meeting minutes
During the January 2 session, market expectations of the Fed cutting interest rates and geopolitical tensions in the Middle East continued to increase the safe-haven appeal of gold. However, the increase in the DXY index and government bond yields of all terms (with the 10-year yield increasing to 3.93%) may restrain the current upward momentum of precious metals. As of now, gold price is around $2061.24.
In the near future, the market's focus will be on the release of the FOMC meeting minutes today, the US unemployment report on Thursday and the NFP report on Friday.
Gold today will fluctuate in the 2058 to 2070 range ahead of the FOMC meeting.
In the near future, the market's focus will be on the release of the FOMC meeting minutes today, the US unemployment report on Thursday and the NFP report on Friday.
Gold today will fluctuate in the 2058 to 2070 range ahead of the FOMC meeting.
Comment:
HIT Entry 1 Buy
Trade active:
Running 20 pips Entry 1 Buy
Trade active:
HIT Entry 2 Buy
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Related Ideas
🪙 We have 2 levels to have a good entry for the BUY signal :
💲 Entry 1 Buy Scalping : 2061 - 2063
💵TP1 : 2067
💵TP2 : 2071
🔴 SL : 2053
💲Entry 2 Buy Limit : 2055 - 2057
💵TP1 : 2060
💵TP2 : 2065
🔴 SL : 2050
🪙 We have 2 levels to have a good entry for the SELL signal :
💲Entry 1 Sell (Scalping) : 2071 - 2073
💵TP1 : 2067
💵TP2 : 2063
🔴 SL : 2080
💲Entry 2 Sell Limit : 2075 - 2077
💵TP1 : 2070
💵TP2 : 2065
🔴 SL : 2083
⚡️⚡️⚡️ Note: For transactions, please leave full TP and SL to ensure safety and bring profit from the market. ‼️
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