XAUUSD : Gold decreased slightly then increased again

XAU/USD decreased slightly and is trading around 2,312 USD/ounce. Traders are being quite cautious ahead of tonight's Fed policy meeting, because if the inflation report shows no improvement, the Fed may continue to hawkish. This means that both the USD and US yields will rise to the detriment of non-yielding assets like gold.

"The next important level is 2,300 USD/ounce. If gold drops below this price, it is likely to fall back to 2,200 USD/ounce in the near future" - Ong Everett Millman, Director of Market Analysis of Gainesville Coins (san trading of precious metals in the US) forecast.

Trade attivo:

🔝 1. XAUUSD BUY 2309 - 2311 🪙🪙🪙

✔️ TP 2315
✔️ TP2 2320

❌ SL 2300

🔝 2. XAUUSD BUY Limit 2303 - 2305 🪙🪙🪙

✔️ TP : 2310
✔️ TP2 : 2315

❌ SL 2295

Trade attivo:

+ 300 pips ⏫⏫⏫