During the European trading session on Tuesday (April 23), gold continued its downward trend from the previous day. Spot gold remained volatile after falling sharply in the Asian session, falling to an intraday low of $2,295.49 per ounce. As concerns about conflicts in the Middle East have eased, boosting investor risk appetite and reducing safe-haven demand for...
In addition to the Federal Reserve downplaying interest rate hike expectations and improving economic data, the recent rise in the U.S. dollar has also been fueled by the weak declines in the non-U.S. euro and the pound. Raising and lowering interest rates have become the trigger for global currency depreciation. The Federal Reserve still hints at a dilemma. If...
XAUUSD Potential Outcomes....
Price is sitting in a strong daily supply zone and is breaking structure to the downside on the LTF,
However the USD is still falling giving gold strength, because of rising inflation this could push Gold higher and if gold breaks the daily demand I will be then looking for retest and buys.
Normally this would be a high...
Our previous signal outlined this trade setup, Gold has just broken out as predicted so now our trade is in play towards the major resistance at TP 1.
At TP 1 we can reassess the next play.
