XAU/USD Mixed Sentiments Amid USs Data and Debt Ceiling Talks
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