Gold is expected to trade at 1900 price level
i have been investing alot of time on XAUUSD so am proud to say "Gold is expected to trade at 1900 price level by the end of this quarter"
Gold held below $1,880 an ounce on Monday after a 3-week decline, remaining under pressure from a strong dollar and
elevated Treasury yields as investors continued to bet on further Federal Reserve tightening to bring
decades-high inflation under control,
even at the risk of some economic pain.
The metal is down more than 6% from its April high as the dollar traded at its highest in 20 years against a basket of major currencies,
while the benchmark US 10-year yield held firmly above 3.1%. Last week, the Federal Reserve raised its benchmark overnight interest rate by 50 basis points,
the biggest jump in 22 years, while Chair Powell added the bank was not considering a 75 basis-point move in the future.
However, he assured Americans that the central bank will do what it takes to curb surging inflation, while acknowledging that this could risk economic pain.
Trading level Entry 1844 - 1835
Targeted Price 1900
Stop Range 1830 -1815
Reentry 1800
Gold held below $1,880 an ounce on Monday after a 3-week decline, remaining under pressure from a strong dollar and
elevated Treasury yields as investors continued to bet on further Federal Reserve tightening to bring
decades-high inflation under control,
even at the risk of some economic pain.
The metal is down more than 6% from its April high as the dollar traded at its highest in 20 years against a basket of major currencies,
while the benchmark US 10-year yield held firmly above 3.1%. Last week, the Federal Reserve raised its benchmark overnight interest rate by 50 basis points,
the biggest jump in 22 years, while Chair Powell added the bank was not considering a 75 basis-point move in the future.
However, he assured Americans that the central bank will do what it takes to curb surging inflation, while acknowledging that this could risk economic pain.
Trading level Entry 1844 - 1835
Targeted Price 1900
Stop Range 1830 -1815
Reentry 1800
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