XAUUSD TODAY: Gold price keeps rising

Gold prices hovered around $2,340 per ounce on Tuesday, after logging gains in the previous session underpinned by growing expectations of eased monetary policies by major central banks. On Monday, data showed that US manufacturing activity slowed for a second consecutive month in May, while construction spending unexpectedly fell in April due to declines in non-residential activity. This further increased speculations that the Fed has room to cut rates this year. Traders are currently pricing a 60% probability of rate cut in September

SELL GOLD: 2374 - 2376 , SL: 2380

BUY GOLD: 2327 - 2325, SL: 2321

Good luck investors

评论:

The gold trend went exactly as predicted, congratulations