Investors eagerly await the release of the minutes from the Federal Reserve's June policy meeting.
Fed Chair Jerome Powell believes the risks of policy tightening are evenly balanced.
The previous meeting maintained borrowing costs at 5% to 5.25%, but two rate hikes are expected in 2023.
Gold prices briefly surged to $1,935 but quickly declined to $1,919.
If the price falls below $1,920, it may continue to drop with support at around $1,910.
A more hawkish Federal Reserve could raise US yields and hurt Gold prices, while weak economic data could benefit the yellow metal.
Fed Chair Jerome Powell believes the risks of policy tightening are evenly balanced.
The previous meeting maintained borrowing costs at 5% to 5.25%, but two rate hikes are expected in 2023.
Gold prices briefly surged to $1,935 but quickly declined to $1,919.
If the price falls below $1,920, it may continue to drop with support at around $1,910.
A more hawkish Federal Reserve could raise US yields and hurt Gold prices, while weak economic data could benefit the yellow metal.
Trade attivo:
GOLD Sell at $1924.6
And now we have gold price $1919.
The strategy continues
And now we have gold price $1919.
The strategy continues
Trade attivo:
Nova said you have 100 pips.
Commento:
From a technical standpoint, gold has declined after failing to surpass the trendline resistance at $1,935 at the beginning of the week.
If $1,895 is breached, selling pressure could increase, potentially leading to a Pullback towards the $1,860 level.
In the event that doesn't occur, speculators pushing prices higher will regain market control, with initial resistance ranging from $1,930 to $1,935. Furthermore, the focus will shift higher to $1,975.
If $1,895 is breached, selling pressure could increase, potentially leading to a Pullback towards the $1,860 level.
In the event that doesn't occur, speculators pushing prices higher will regain market control, with initial resistance ranging from $1,930 to $1,935. Furthermore, the focus will shift higher to $1,975.
Dear My Friends,
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/Novascalperchannel
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/Novascalperchannel
The strategy is working well