XAUUSD : Gold will continue to create new records for itself

Aggiornato
Gold continues to rise after Chairman Powell's first testimony

Gold prices extended their upward momentum after Chairman Powell leaned toward the "dovish" side and reported a lower-than-expected JOLTS.

During the March 6 session, gold prices maintained their upward momentum, supported when Fed Chairman Powell leaned towards the "dovish" side in his first hearing. He believes that the Fed can completely cut interest rates this year and interest rates have peaked. The strongest increase occurred in the European session when gold rebounded from $2,125 and closed the session at $2,148. Precious metals were also supported by a weaker-than-expected JOLTS jobs report.

Today, the market will receive Chairman Powell's next testimony before the Senate, then on Friday will release the expected NFP data. Currently, gold is slightly down to $2,145.

It is expected that gold will continue to increase strongly to 2168 and then the 2188 area and if USD data continues to be too bad, there is a high possibility that gold will touch 2200, creating an all-time high.
Nota
Buy 2147 - 2149

TP : 2155
TP2 : 2160
TP3 : 2168

SL 2140

Buy Limit 2143 - 2145

TP : 2150
TP2 : 2155

SL : 2138
Nota
hit tp2 100 pips
Nota
Round 2 Buy 2148 hit 150 pips
Nota
Gold continues to rise after the US unemployment report stabilized

Gold prices extended their upward momentum as the number of US unemployment benefit applications remained unchanged, continuing to be supported by Chairman Powell's statement in the previous hearing.

In the March 7 session, gold prices maintained their upward momentum after the number of US unemployment benefit applications remained the same as expected. Precious metals received strong support when Fed Chairman Powell said that loosening policy could be implemented this year. Gold increased from $2,140 to $2,161, then corrected slightly and ended the day at $2,156.

Today, the market will receive important economic data from the United States, including the unemployment rate and the expected NFP report. Currently, gold is trading around $2,158.
Nota
Buy 2153 - 2155

TP : 2160
TP2 : 2165
TP3 : 2170

SL 2145

Buy Limit 2147 - 2149

TP : 2155
TP2 : 2160

SL : 2140
Nota
Running 30 pips
Nota
Hit TP1 60 pips
Trade attivo
Hit 80 pips
Nota
hit tp2 110 pips
Nota
hit 140 pips
Nota
Hit TP3 160 pips
Nota
Hit 400 pips
ForexforexsignalsforextradingFundamental AnalysisTechnical IndicatorssignalsignalsfreetradingtradingsignalsTrend AnalysisXAUUSDxauusdsignal

👉 Free Signals Everyday: t.me/SantaTradeProInsightsFX
👉 Support 24/7 and More
👉 Join the group to profit every day.
👉 @bellatrader_2509

Pubblicazioni correlate

Declinazione di responsabilità