GOLD 20/6: Gold price weakening at the beginning of the morning
The Federal Reserve's unclear direction regarding interest rate increases has resulted in limited price movement in the market. Congress is closely monitoring this situation.
So, The price of gold is having difficulty taking advantage of its small increase earlier in the day and is moving within a narrow range during the first half of the Asian session on Tuesday. Currently, the XAU/USD is trading around $1,950, with little change from the start of the day. It has been trading within a familiar range for the past month or so.
Gold price assessment on June 20, 23 continues to sideway narrowly in the range of $1935 - $1960
Canh Buy price range $1939-$1941, SL $1930 TP: 1955
Based on technical analysis indicators EMA 34, EMA 89 with support point $1939.
So, The price of gold is having difficulty taking advantage of its small increase earlier in the day and is moving within a narrow range during the first half of the Asian session on Tuesday. Currently, the XAU/USD is trading around $1,950, with little change from the start of the day. It has been trading within a familiar range for the past month or so.
Gold price assessment on June 20, 23 continues to sideway narrowly in the range of $1935 - $1960
Canh Buy price range $1939-$1941, SL $1930 TP: 1955
Based on technical analysis indicators EMA 34, EMA 89 with support point $1939.
Comment:
SELL active 1954
Comment:
Gold continues to rise after breaking key antibody
Breaking key resistance at $1,950.00 as markets expect just one more rate hike from the Fed this year. XAUUSD is up 0.12% on the day, now at $1,951
Breaking key resistance at $1,950.00 as markets expect just one more rate hike from the Fed this year. XAUUSD is up 0.12% on the day, now at $1,951
