XAUUSD psychological barriers 1900. last line defense
⚡️Spot gold briefly lost its hold on $1,900 territory Tuesday before recapturing it as the resurgent dollar and Treasury yields brought their full weight to bear on bullion.
⚡️Gold prices have seen renewed weakness this month under the combined pressure of Treasury yields, benchmarked against the US 10-year bond, and the dollar.
⚡️Bond yields spiked to a new 16-year high on Tuesday, hitting a level not seen since July 2007.
⚡️The Dollar Index hits its highest not seen since November 2022. A stronger dollar typically deters holders of other currencies from buying dollars
⚡️The two alternatives to gold have surged since the Federal Reserve last week expected to raise interest rates by a quarter of a percentage point by the end of the year, despite leaving September rates unchanged at policy meeting on Wednesday.
⚡️Fed Chairman Powell said in a news conference last week that energy-driven inflation is one of the central bank's bigger concerns.
⚡️SELL
XAUUSD
PRICE 1920 -1922
↠↠ STop 1926 → Profit 1910
⚡️BUY
XAUUSD
PRICE 1898 -1900
↠↠ STop 1895 →Profit 1910
⚡️Psychology, discipline and capital management are the three factors that make victory possible.⚡️
⚡️Gold prices have seen renewed weakness this month under the combined pressure of Treasury yields, benchmarked against the US 10-year bond, and the dollar.
⚡️Bond yields spiked to a new 16-year high on Tuesday, hitting a level not seen since July 2007.
⚡️The Dollar Index hits its highest not seen since November 2022. A stronger dollar typically deters holders of other currencies from buying dollars
⚡️The two alternatives to gold have surged since the Federal Reserve last week expected to raise interest rates by a quarter of a percentage point by the end of the year, despite leaving September rates unchanged at policy meeting on Wednesday.
⚡️Fed Chairman Powell said in a news conference last week that energy-driven inflation is one of the central bank's bigger concerns.
⚡️SELL
XAUUSD
PRICE 1920 -1922 ↠↠ STop 1926 → Profit 1910
⚡️BUY
XAUUSD
PRICE 1898 -1900 ↠↠ STop 1895 →Profit 1910
⚡️Psychology, discipline and capital management are the three factors that make victory possible.⚡️
Comment:
Comment:
Comment:
⚡️ Gold is operating below the 1900 level, waiting for further reaction
Trade closed: target reached
