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.⚡️

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⚡️ Gold is operating below the 1900 level, waiting for further reaction

Trade fermée: cible de profit atteinte