Regain the mark of 2,300 USD/ounce

11 juin

Gold prices regained the 2,300 USD/ounce mark because investors had a bottom-fishing mentality after prices plummeted last weekend.

Experts say that gold prices are going against the general rules of the market when many forecasters receive bad news. The US consumer price index for May, which is about to be published, is likely to increase, making the US Federal Reserve's (Fed) delay in cutting interest rates even longer.
Gold investors are turning their attention to the Fed's Federal Open Market Committee (FOMC) meeting scheduled for June 11-12 (US time), which will open up a more positive direction. for gold price.

Here, the FOMC will provide insight into the plans and timeline for expected interest rate cuts this year and through 2026.

Gold is having difficulty trying to regain the 2320 level. Yesterday in the US session, gold achieved a recovery level of 2313 according to investors' expectations after a weekend of catastrophic price decline. Unable to reach the expectation of 2320, gold is stuck around the 2300 price range. The upward recovery will likely continue until gold returns to the market's downward trajectory.

SELL zone 2330-2332 SL 2335
SELL zone 2281-2279 SL 2276

Pay attention to support and resistance points to have the best trading strategy
Support: 2286 - 2280 - 2270
Resistance: 2315 - 2329 - 2338

11 juin

Transaction en cours

11 juin

Note

Price reacts at EMA 34 with 100 pips

12 juin

Note