Price
GOLD
extends intraday lows to extend post-NFP losses.
US Dollar cheers Fed hawk bets, sentiment upset amid the sluggish session.
US Factory Orders, ISM Services PMI paid attention to intraday directions.
Price
GOLD
on the bears' sights for the second day in a row as the precious metal reclaims intraday lows near $1945, extending Monday's early-to-early post-NFP losses amid US Dollar and yields Treasury bonds are firmer.
That said, the US Dollar Index (DXY) prints slight gains around 104.12 as it sustains the previous day's bounce from a one-week low amid a sluggish Asian session on Monday.
In doing so, the greenback's measure against six major currencies cheers market concerns about higher Federal Reserve (Fed) interest rates and US-China tensions, not forgetting the benchmarks. New war topics around Russia and Ukraine.
Trading plan
I expect
GOLD
to return to the 1953-1955 dollar zone and then resume the downtrend
The level I expect GOLD to reach is 1945$, 1940$
I hope everything goes according to plan and you make a lot of money
Make sure you have enough Stoploss to win the market.
Have a nice day!!!
GOLD
extends intraday lows to extend post-NFP losses. US Dollar cheers Fed hawk bets, sentiment upset amid the sluggish session.
US Factory Orders, ISM Services PMI paid attention to intraday directions.
Price
GOLD
on the bears' sights for the second day in a row as the precious metal reclaims intraday lows near $1945, extending Monday's early-to-early post-NFP losses amid US Dollar and yields Treasury bonds are firmer. That said, the US Dollar Index (DXY) prints slight gains around 104.12 as it sustains the previous day's bounce from a one-week low amid a sluggish Asian session on Monday.
In doing so, the greenback's measure against six major currencies cheers market concerns about higher Federal Reserve (Fed) interest rates and US-China tensions, not forgetting the benchmarks. New war topics around Russia and Ukraine.
Trading plan
I expect
GOLD
to return to the 1953-1955 dollar zone and then resume the downtrend The level I expect GOLD to reach is 1945$, 1940$
I hope everything goes according to plan and you make a lot of money
Make sure you have enough Stoploss to win the market.
Have a nice day!!!
