XAUUSD - Falling sharply, investors withdraw capital

已更新
The US dollar surged to its highest level in over a month due to concerns about China's economy, making gold more expensive for foreign buyers, while benchmark 10-year bond yields rose. Senior analyst Ricardo Evangelista of ActivTrades said, "With consumer prices and producer prices slightly higher than expected last weekend, some certainty about the end of the Fed's interest rate hike cycle has turned to smoke."

In July, US consumer prices rose moderately while producer prices increased less than expected, easing inflation pressure that could convince the Fed to keep interest rates unchanged next month. Higher interest rates and bond yields increase the opportunity cost of holding non-interest-bearing gold. Markets are awaiting US retail sales figures on Tuesday, followed by the minutes from the Federal Open Market Committee (FOMC) meeting in July on Wednesday.
注释
Before the strength of the USD and bonds, speculators limited their holdings of precious metals, causing the world gold price to drop to 1,902 USD/ounce last night.
注释
BUY XAUUSD zone 1899 - 1902

SL: 1896

TP: 1905
TP: 1908
交易结束:到达目标
It's Hit TP2 + 90pips 🧃🧃🧃
注释
Immediate support is the 38.2% Fibonacci retracement level at 1903. A confirmatory close under this point exposes the midpoint at 1848. Otherwise, in the event of a turn higher, keep a close eye on the falling trendline from April. This could hold as resistance, maintaining the near-term downside focus.
注释
🔹JP_Morgan shares lose $11 billion in one day, and General Motors shares fall to their lowest level in two months.
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