Gold will turn around and continue to rise
Mis à jour
Gold prices rose during the Asian session on Monday. The metal's rise is supported by a weak USD and rising geopolitical risks in the Middle East. Speeches from Fed officials such as Fed Chair Michelle Bowman, Cleveland Fed President Loretta Mester and Minneapolis Fed President Kashkari on Tuesday will be notable. However, lower bets on a Fed rate cut this year and a hawkish stance from Fed officials could weigh on gold prices.
On Monday, US banks will be closed due to the Memorial Day holiday. Gold traders will wait for further cues from the Fed's statements on Tuesday. Of particular interest will be US GDP data for the first quarter on Thursday, which is expected to increase 1.5% in the first quarter. Stronger-than-expected data could strengthen the dollar and weaken gold prices.
On Monday, US banks will be closed due to the Memorial Day holiday. Gold traders will wait for further cues from the Fed's statements on Tuesday. Of particular interest will be US GDP data for the first quarter on Thursday, which is expected to increase 1.5% in the first quarter. Stronger-than-expected data could strengthen the dollar and weaken gold prices.
Transaction en cours
⚡️ running + 30 pips - Move SL to Entry🔼🔼🔼⏫⏫⏫Note
Hit TP1 : 60 pipsTransaction en cours
Hit + 120 pips
👉 Free Signals Everyday: t.me/SantaTradeProInsightsFX
👉 Support 24/7 and More
👉 Join the group to profit every day.
👉 @bellatrader_2509
👉 Support 24/7 and More
👉 Join the group to profit every day.
👉 @bellatrader_2509
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.