XAUUSD : Why is Gold fluctuating strongly?
The recovery in gold prices weakened as the US dollar rebounded.
During the March 26 session, gold prices rose back to $2,195, but as soon as data on the number of US durable goods orders was announced, gold adjusted back down. Price support is currently located around the old peak at $2,144.5
There won't be much major news coming out in the near term, so all eyes will be on the US PCE data, released on Friday as traders look for data to predict. When will the Fed lower interest rates?
During the March 26 session, gold prices rose back to $2,195, but as soon as data on the number of US durable goods orders was announced, gold adjusted back down. Price support is currently located around the old peak at $2,144.5
There won't be much major news coming out in the near term, so all eyes will be on the US PCE data, released on Friday as traders look for data to predict. When will the Fed lower interest rates?
Trade active:
Buy 2165 - 2167
TP1 : 2175
TP2 : 2180
SL : 2160
TP1 : 2175
TP2 : 2180
SL : 2160
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