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SantaTradeGold
Mar 28, 2024 3:07 AM

XAUUSD : Gold's boom continues after today's data 

GoldOANDA

Description

Gold is under pressure as the USD bounces up, waiting for the US core PCE report

Gold sweeps two-way as the market awaits the core PCE report, the Fed's favorite inflation gauge, tomorrow.

During the March 27 session, gold climbed above $2,193 before falling to $2,183 when the USD rebounded and then recovered and ended the day at $2,192 when US government bond yields simultaneously decreased. The market is currently awaiting the core PCE report - the Fed's favorite inflation measure - expected to be released later in the week.

Today, the market will receive a series of important economic data, including the GDP report, US home sales and the University of Michigan's consumer confidence index. Currently, gold is trading around the $2,190 area.

Trade active

SELL 2195 - 2197

TP 2190
TP2 2185

SL 2202

Comment

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