XAUUSD - GOLD PRICE DECREASED AT THE BEGINNING OF THE WEEK
💵GOLD PRICE AND ECONOMIC INFORMATION
Gold eased below $2,390 per ounce on Monday after rising over 1% in the previous session, but remained close to six-week highs, driven by increased expectations of early rate cuts by the Federal Reserve following soft US economic data. Friday’s data indicated a weakening US labor market, with the unemployment rate rising to a two-and-a-half-year high and wage growth falling to a three-year low.
🔴SELL GOLD: 2396 - 2398, SL: 2402
🟢BUY GOLD: 2362 - 2360, SL: 2356
⛔️Breakout: top border 2393 -2397 - below 2378 - 2369
🔼Support: 2378 -2370 - 2364 - 2360
🔽Resistance: 2385 -2393 - 2397
GOOD LUCK EVERYONE👍
Gold eased below $2,390 per ounce on Monday after rising over 1% in the previous session, but remained close to six-week highs, driven by increased expectations of early rate cuts by the Federal Reserve following soft US economic data. Friday’s data indicated a weakening US labor market, with the unemployment rate rising to a two-and-a-half-year high and wage growth falling to a three-year low.
🔴SELL GOLD: 2396 - 2398, SL: 2402
🟢BUY GOLD: 2362 - 2360, SL: 2356
⛔️Breakout: top border 2393 -2397 - below 2378 - 2369
🔼Support: 2378 -2370 - 2364 - 2360
🔽Resistance: 2385 -2393 - 2397
GOOD LUCK EVERYONE👍
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