XAUUSD Strategy for the new week
Today's review
XAUUSD
Last week, international gold prices continued to fall as the US Dola Index and 10-year Treasury yields on the rise for the fourth consecutive week.
US consumers have begun to stress more in living and saving in spending due to continuously rising US interest rates. Force the Fed to stop raising interest rates if it doesn't want the US economy to fall into a recession.
This week, it seems that the upcoming news does not seem to have much impact on Gold according to the released news forecasts.
Technically, the $ 1900 area is a major resistance area that many yuan are interested in to ensure that Gold does not fall into a deep decline afterwards.
Expectation strategy SELL
XAUUSD
zone 1921 - 1923
SL : 1930
Take Profit 1: 1916
Take Profit 2: 1913
Take Profit 3: 1910
Note : TP, SL full to be safe and win the market !
XAUUSD
Last week, international gold prices continued to fall as the US Dola Index and 10-year Treasury yields on the rise for the fourth consecutive week.
US consumers have begun to stress more in living and saving in spending due to continuously rising US interest rates. Force the Fed to stop raising interest rates if it doesn't want the US economy to fall into a recession.
This week, it seems that the upcoming news does not seem to have much impact on Gold according to the released news forecasts.
Technically, the $ 1900 area is a major resistance area that many yuan are interested in to ensure that Gold does not fall into a deep decline afterwards.
Expectation strategy SELL
XAUUSD
zone 1921 - 1923 SL : 1930
Take Profit 1: 1916
Take Profit 2: 1913
Take Profit 3: 1910
Note : TP, SL full to be safe and win the market !
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