Metals markets keep Fed meeting in sight
Gold prices fall from Monday's high, as traders take profits after two weeks of gains
Metal prices have rallied over the past two weeks as the dollar fell to a 15-month low, tracking a string of indicators that use the US factor. The weak data also ended the growing success that the Federal Reserve is nearing the end of its rate-raising cycle for the year.
However, gold's rally was also somewhat limited by signs of recovery in the US economy, which in turn affected safe-haven demand for the yellow metal. Prices have largely stalled after hitting $1,960 an ounce last week.
XAUUSD BUY LIMIT 1953 - 1950 💯💯
✅ TP1: 1960
✅ TP2: 1965
✅ TP2: 1970
🛑 SL: 1945
Metal prices have rallied over the past two weeks as the dollar fell to a 15-month low, tracking a string of indicators that use the US factor. The weak data also ended the growing success that the Federal Reserve is nearing the end of its rate-raising cycle for the year.
However, gold's rally was also somewhat limited by signs of recovery in the US economy, which in turn affected safe-haven demand for the yellow metal. Prices have largely stalled after hitting $1,960 an ounce last week.
XAUUSD BUY LIMIT 1953 - 1950 💯💯
✅ TP1: 1960
✅ TP2: 1965
✅ TP2: 1970
🛑 SL: 1945
Note
Hit TP1 + 60 Pips ✅✅✅
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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.