XAUUSD Gold remains around $1,920, trying to extend the previous day's rally after falling for the past three weeks.
Gold prices met fresh supply at the end of the week and extended the day's steady downtrend into the early European session.
Fed Chairman Jerome Powell said earlier this week that he does not see inflation falling to the Fed's 2% target level through 2025. This continues to push US Treasury yields higher and support the USD.
The DXY index climbed to a fresh two-and-a-half-week high in the past hour and continued to gain support from expectations the Fed will tighten policy further.
You might consider Buying gold around XAUUSD 1911 – 1914 And my goal will be 1921 – 1935
You might consider Selling gold around XAUUSD 1928 – 1925 And my goal will be 1918 – 1904
Note: Fully install TP, SL to prioritize safety in trading and conquering the market.
註釋
Gold records quarterly losses, but retains part of its semi-annual gains.