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Gold (XAUUSD) trading commentary on 20/3/2023

OANDA:XAUUSD   Or / Dollar Américain
World gold price is listed at 1,989.3 USD/ounce, up 121.2 USD/oz compared to last week's closing session.

The most important event that investors are waiting for today is the monetary policy meeting of the US Federal Reserve (Fed). Markets are pricing the Fed for a 25 basis point increase, but investors say a pause and a rate cut could follow.

Trading recommendation:

Gold Sell 1990 - 1993

Stoploss : 2000

Take profit 1: 1985
Take Profit 2: 1980
Take profit 3: 1970

Buy Gold 1965 - 1966

Stop loss: 1960

Take profit 1: 1970
Take Profit 2:1975
Take profit 3: 1980

Note: Always install Stoploss and Takeprofit to ensure safety in trading
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