Gold prices are struggling to maintain their week-start corrective bounce as mixed sentiment and anxiety over top-tier US data and debt ceiling talks weigh on XAU/USD buyers.
However, the US Dollar bears have taken a breather amid hawkish Federal Reserve talks.
Additionally, China's economic report indicates that economic growth is set to rebound sharply, which is underpinning the Gold price upside.
The XAU/USD traders are bracing for the key US Retail Sales and debt ceiling negotiations among the US policymakers and are expecting a pullback unless the Gold price can sustain the $2,000 breakdown.
TRADE IDEA DETAILS:
CURRENCY PAIR: #XAUUSD
CURRENT TREND: Mildly bearish
TRADE SIGNAL: ↘️Sell
👉ENTRY PRICE: $2,015
✅TAKE PROFIT: $1,970
❌STOP LOSS: $2,027
#goldprice #XAUUSD #USdata #debtceiling #Fedtalks
However, the US Dollar bears have taken a breather amid hawkish Federal Reserve talks.
Additionally, China's economic report indicates that economic growth is set to rebound sharply, which is underpinning the Gold price upside.
The XAU/USD traders are bracing for the key US Retail Sales and debt ceiling negotiations among the US policymakers and are expecting a pullback unless the Gold price can sustain the $2,000 breakdown.
TRADE IDEA DETAILS:
CURRENCY PAIR: #XAUUSD
CURRENT TREND: Mildly bearish
TRADE SIGNAL: ↘️Sell
👉ENTRY PRICE: $2,015
✅TAKE PROFIT: $1,970
❌STOP LOSS: $2,027
#goldprice #XAUUSD #USdata #debtceiling #Fedtalks
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.