XAU plummeted without stopping
Aggiornato
Today, the US economy will release a series of April economic data and non-farm payrolls reports. At the same time, the Fed ended this session. It is likely that the employment report will have a strong impact on financial markets, including gold. Traders have lowered expectations about the timing and extent of US interest rate cuts this year after published reports showed inflation running "hotter" than expected and Fed officials, including including Mr. Powell, continuously made "hawkish" words.
Senior analyst Ricardo Evangelista of ActivTrades predicts that Mr. Powell may take a tougher stance. This would push expectations for the first rate cut to the fourth quarter or even next year, a scenario that would bode poorly for gold.
Despite the decline in gold prices, ANZ analysts still maintain a positive view on gold and believe that a healthy correction could take gold to $2,500/ounce.
Senior analyst Ricardo Evangelista of ActivTrades predicts that Mr. Powell may take a tougher stance. This would push expectations for the first rate cut to the fourth quarter or even next year, a scenario that would bode poorly for gold.
Despite the decline in gold prices, ANZ analysts still maintain a positive view on gold and believe that a healthy correction could take gold to $2,500/ounce.
Nota
BUY XAU 2300 - 2298TP1: 2310
TP2: 2320
SL: 2291
Nota
running + 70 pipsNota
running + 80 pipsNota
Hit FULL TP + 200 pips
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.