XAUUSD : Gold will continue to create new records for itself
Gold continues to rise after Chairman Powell's first testimony
Gold prices extended their upward momentum after Chairman Powell leaned toward the "dovish" side and reported a lower-than-expected JOLTS.
During the March 6 session, gold prices maintained their upward momentum, supported when Fed Chairman Powell leaned towards the "dovish" side in his first hearing. He believes that the Fed can completely cut interest rates this year and interest rates have peaked. The strongest increase occurred in the European session when gold rebounded from $2,125 and closed the session at $2,148. Precious metals were also supported by a weaker-than-expected JOLTS jobs report.
Today, the market will receive Chairman Powell's next testimony before the Senate, then on Friday will release the expected NFP data. Currently, gold is slightly down to $2,145.
It is expected that gold will continue to increase strongly to 2168 and then the 2188 area and if USD data continues to be too bad, there is a high possibility that gold will touch 2200, creating an all-time high.
Gold prices extended their upward momentum after Chairman Powell leaned toward the "dovish" side and reported a lower-than-expected JOLTS.
During the March 6 session, gold prices maintained their upward momentum, supported when Fed Chairman Powell leaned towards the "dovish" side in his first hearing. He believes that the Fed can completely cut interest rates this year and interest rates have peaked. The strongest increase occurred in the European session when gold rebounded from $2,125 and closed the session at $2,148. Precious metals were also supported by a weaker-than-expected JOLTS jobs report.
Today, the market will receive Chairman Powell's next testimony before the Senate, then on Friday will release the expected NFP data. Currently, gold is slightly down to $2,145.
It is expected that gold will continue to increase strongly to 2168 and then the 2188 area and if USD data continues to be too bad, there is a high possibility that gold will touch 2200, creating an all-time high.
Comment:
hit tp2 100 pips
Comment:
Round 2 Buy 2148 hit 150 pips
Comment:
Gold continues to rise after the US unemployment report stabilized
Gold prices extended their upward momentum as the number of US unemployment benefit applications remained unchanged, continuing to be supported by Chairman Powell's statement in the previous hearing.
In the March 7 session, gold prices maintained their upward momentum after the number of US unemployment benefit applications remained the same as expected. Precious metals received strong support when Fed Chairman Powell said that loosening policy could be implemented this year. Gold increased from $2,140 to $2,161, then corrected slightly and ended the day at $2,156.
Today, the market will receive important economic data from the United States, including the unemployment rate and the expected NFP report. Currently, gold is trading around $2,158.
Gold prices extended their upward momentum as the number of US unemployment benefit applications remained unchanged, continuing to be supported by Chairman Powell's statement in the previous hearing.
In the March 7 session, gold prices maintained their upward momentum after the number of US unemployment benefit applications remained the same as expected. Precious metals received strong support when Fed Chairman Powell said that loosening policy could be implemented this year. Gold increased from $2,140 to $2,161, then corrected slightly and ended the day at $2,156.
Today, the market will receive important economic data from the United States, including the unemployment rate and the expected NFP report. Currently, gold is trading around $2,158.
Comment:
Buy 2153 - 2155
TP : 2160
TP2 : 2165
TP3 : 2170
SL 2145
Buy Limit 2147 - 2149
TP : 2155
TP2 : 2160
SL : 2140
TP : 2160
TP2 : 2165
TP3 : 2170
SL 2145
Buy Limit 2147 - 2149
TP : 2155
TP2 : 2160
SL : 2140
Comment:
Running 30 pips
Comment:
Hit TP1 60 pips
Trade active:
Hit 80 pips
Comment:
hit tp2 110 pips
Comment:
hit 140 pips
Comment:
Hit TP3 160 pips
Comment:
Hit 400 pips
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Related Ideas
TP : 2155
TP2 : 2160
TP3 : 2168
SL 2140
Buy Limit 2143 - 2145
TP : 2150
TP2 : 2155
SL : 2138