Gold Price Forecast: XAU/USD consolidates above 2,000$ as investors await preliminary US S&P PMI
On Thursday, there was a subdued atmosphere in the global stock markets, with US indexes recovering slightly from their early losses. Meanwhile, yields on government bonds decreased slightly after uninspiring economic data from the United States, indicating an impending economic decline. The 10-year Treasury note fell by 7 basis points to 3.52%, while the 2-year note dropped by 10 basis points to 4.16%.
For the week that ended on April 14, the number of people filing for unemployment benefits for the first time increased by 245,000. The April Philadelphia Fed Manufacturing Survey showed a reading of -31.3, which was significantly worse than the predicted -19.2. Additionally, Existing Home Sales dropped by 2.4% in March compared to the previous month.
Maybe BUY zone 1998-2002
Stoploss: 1993
Take Profit1: 2010
Take Profit2: 2015
Take Profit3: 2020
Note: Note: Full TP, SL for winning the market and safe trading!
On Thursday, there was a subdued atmosphere in the global stock markets, with US indexes recovering slightly from their early losses. Meanwhile, yields on government bonds decreased slightly after uninspiring economic data from the United States, indicating an impending economic decline. The 10-year Treasury note fell by 7 basis points to 3.52%, while the 2-year note dropped by 10 basis points to 4.16%.
For the week that ended on April 14, the number of people filing for unemployment benefits for the first time increased by 245,000. The April Philadelphia Fed Manufacturing Survey showed a reading of -31.3, which was significantly worse than the predicted -19.2. Additionally, Existing Home Sales dropped by 2.4% in March compared to the previous month.
Maybe BUY zone 1998-2002
Stoploss: 1993
Take Profit1: 2010
Take Profit2: 2015
Take Profit3: 2020
Note: Note: Full TP, SL for winning the market and safe trading!
