Yesterday's candle was a strong green one, with a range of 27 pips and a body of 20 pips. Notably, it broke through the previous peak at 2149, reaching 2152. The trading volume for three consecutive days was consistently higher than the average, indicating a strong upward trend for gold prices.
Regarding news: Yesterday had three pieces of news— one negative for the currency and two positive ones. However, overall, the economy seems to be facing difficulties as the indicators are worse compared to previous months.
Today's news includes Unemployment Claims at 8:30 AM (better if lower for the currency). The last release was negative for the currency, yet the price sharply increased by 18 pips. This news is crucial.
Another news event is Fed Chair Powell's Testimony at 10:00 PM, tightening/ maintaining is good for the currency. The recent release was yesterday, causing a 4-point price fluctuation with general and vague statements.
Key buy/sell zones to watch:
Buy zone 01: 2133-2134
Buy zone 02: 2124-2125
Scalping orders: Around buy 2142, sell 2150.
It's challenging to estimate the sell zone after the news due to risks. Perhaps around 2174.
Regarding news: Yesterday had three pieces of news— one negative for the currency and two positive ones. However, overall, the economy seems to be facing difficulties as the indicators are worse compared to previous months.
Today's news includes Unemployment Claims at 8:30 AM (better if lower for the currency). The last release was negative for the currency, yet the price sharply increased by 18 pips. This news is crucial.
Another news event is Fed Chair Powell's Testimony at 10:00 PM, tightening/ maintaining is good for the currency. The recent release was yesterday, causing a 4-point price fluctuation with general and vague statements.
Key buy/sell zones to watch:
Buy zone 01: 2133-2134
Buy zone 02: 2124-2125
Scalping orders: Around buy 2142, sell 2150.
It's challenging to estimate the sell zone after the news due to risks. Perhaps around 2174.