NicoTradingMaster

XAU increased after the Fed chairman spoke

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The spot price of gold (XAU/USD) soared last night to more than 2,328 USD/ounce after Fed Chairman Jerome Powell spoke. Mr. Powell affirmed that cutting interest rates now is inappropriate until inflation shows clear signs of returning to the 2% target. He also added that this year's inflation data is "not convincing enough" to change the Fed's stance.

The DXY index fell back to trading around 105.7 after rising above 106.0 early yesterday. This has invisibly created conditions for many major currency pairs to recover quite well
Comment:
SELL XAU 2320

TP1: 2315

TP2: 2310

SL: 2326
Comment:
running + 50 pips
Comment:
hit tp 2 + 100 pips
Comment:
close + 150 pips
Comment:
buy 2300
TP1: 2310
SL: 2294
Comment:
HIT TP1 + 100 PIPS

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