XAUUSD at the end of the day, trading in a narrow range,
⚡️Wednesday's data showed activity in the US services sector grew more than expected in August. However, the particular point of contention for the market was data showing service sector prices. service increases , which could lead to higher inflation in the coming months.
⚡️The Fed is expected to leave interest rates unchanged in September. But the central bank also intends to keep interest rates higher for longer.
⚡️The prospect of higher interest rates is not a good sign for gold because it pushes up the opportunity cost of investing in bullion. A stronger dollar also reduces the yellow metal's value per ounce.
⚡️This notion has affected gold over the past year and presents a gloomy outlook for the yellow metal.
⚡️ Krado believes that after tonight's Unemployment Claims news there will be some adjustments, and push gold prices higher.
⚡️ Share your opinion I'm looking forward to it
⚡️The Fed is expected to leave interest rates unchanged in September. But the central bank also intends to keep interest rates higher for longer.
⚡️The prospect of higher interest rates is not a good sign for gold because it pushes up the opportunity cost of investing in bullion. A stronger dollar also reduces the yellow metal's value per ounce.
⚡️This notion has affected gold over the past year and presents a gloomy outlook for the yellow metal.
⚡️ Krado believes that after tonight's Unemployment Claims news there will be some adjustments, and push gold prices higher.
⚡️ Share your opinion I'm looking forward to it
Comment:
⚡️After Unemployment Claims news, reality was smaller than forecast, good for USD, bad outlook for gold
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⚡️Trading still follows the trend line
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⚡️Price is in the plan of Krado
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⚡️Short plan
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⚡️continue the GOLD battle
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⚡️ gold could reach 1930 next week.
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⚡️DXY's recovery pushed gold down the past few days
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⚡️The market becomes more active when the American session begins
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⚡️ Gold fell below 1920
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What do you think about gold this coming week?
Trade active
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⚡️The US is facing the risk of second round inflation, leaving the Fed open to raising interest rates, putting further pressure on the exchange rate
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⚡️Challenging the 1900 round price resistance zone.
Trade active
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⚡️Do you think after the "shark" SPDR Gold Trust released more than 3 tons of gold, the gold market will be more exciting?
Trade active
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⚡️China’s disinflationary pressures influenced the yellow metal.
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⚡️XAU/USD failed to break above long-term trendline resistance and is currently hovering around the 1925.06 reversal bottom. The RSI indicator shows hesitation among traders without showing any specific trend. Upcoming data releases could fuel the trend with any move to support the USD likely causing gold prices to test resistance once again
Comment:
⚡️In this morning's trading session, the yellow metal has had a significant increase, can gold break the 1930 barrier?
Comment:
⚡️Everything is going according to plan
