XAUUSD - Trading strategy on July 31, slight volatility, sideway
Mis à jour
Gold prices fluctuated in a machine range at the start of the week as investors awaited more news on US economic data this week for a clearer view of the US Federal Reserve's main monetary view. (FED).
Last week, after cautiously moving sideways for most of the trading week to capture the Fed's response to an additional 0.25 percentage point (25 basis points) rate hike, gold sold off sharply on Thursday as data Increased optimism and better work than my head's expectations have been announced.
The market is hoping that the Fed rate hike cycle this year will temporarily pause, which is expected to benefit gold as rate hikes will create an opportunity cost of holding. gold goes up.
Specifically, according to the US Department of Commerce, Core Personal Consumption (PCE), a measure of the Fed's preferred development time, increased by 0.2% in June, so an increase of 0.3% in the month. 5 .
The report also pointed out that in June, US development pressure continued to decrease. The growth rate in December increased by 4.1%, a sharp decrease compared to June, increased by 4.6%. These data open up expectations of a less tough stance from the Fed.
Last week, after cautiously moving sideways for most of the trading week to capture the Fed's response to an additional 0.25 percentage point (25 basis points) rate hike, gold sold off sharply on Thursday as data Increased optimism and better work than my head's expectations have been announced.
The market is hoping that the Fed rate hike cycle this year will temporarily pause, which is expected to benefit gold as rate hikes will create an opportunity cost of holding. gold goes up.
Specifically, according to the US Department of Commerce, Core Personal Consumption (PCE), a measure of the Fed's preferred development time, increased by 0.2% in June, so an increase of 0.3% in the month. 5 .
The report also pointed out that in June, US development pressure continued to decrease. The growth rate in December increased by 4.1%, a sharp decrease compared to June, increased by 4.6%. These data open up expectations of a less tough stance from the Fed.
Note
XAUUSD BUY 1943 - 1945✅ TP1: 1952
✅ TP2: 1960
❌ SL: 1938
XAUUSD SELL 1960 - 1962
✅ TP1: 1955
✅ TP2: 1948
❌ SL: 1970
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