The yellow boy is walking very slowly as if the optimism from yesterday's news is still there, not in a hurry to continue waiting for Non-Farm.
The yellow metal had a strong run-up over the past week, also benefiting from some safe haven demand as traders grew more uncertain over the U.S. economic outlook.
But further gains in gold prices were clouded by the prospect of U.S. rates remaining higher for longer, with a slew of economic readings set to factor into the rate outlook this week.
The yellow metal had a strong run-up over the past week, also benefiting from some safe haven demand as traders grew more uncertain over the U.S. economic outlook.
But further gains in gold prices were clouded by the prospect of U.S. rates remaining higher for longer, with a slew of economic readings set to factor into the rate outlook this week.
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⚡️Gold Price (XAU/USD) struggles to gain around $1,935 during the early European session on Wednesday. The weaker US dollar and a sharp drop in US Treasury yields drags the Greenback lower across the board but gold did not retest but flew straight to the 1945 price area to scan liquidity , gold did not retest but flew straight to the 1945 price area to scan liquidity sau tin
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⚡️Today we had a tiring day, gold broke the resistance zone, broke all the analysis, maybe this is the time for us to calm down to come up with a suitable plan, 90% of the market is sold out. , so the shark pulled the price up. Krado thinks that after scanning all the sell signals, the price will return. This is not the first time this has happened. price still hasn't touched SL 1950, we can be optimistic because of that. From now until the end of the week the price will correct down.
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⚡️A second reading of the latest GDP data showed the economy grew at a slower-than-expected pace of 2.1% compared to the first quarter. Analysts expected a 2.4% increase in the second quarter. This raises investors' hopes that the Federal Reserve will end its interest rate hike cycle at its next meeting in September, as economic growth slows and inflation is contained.
