Amid increased hawkish sentiment around the Fed rate outlook, all eyes will be on Fed Chair Jerome Powell's speech later Wednesday.
The 14-day Relative Strength Index (RSI), suggesting that gold's downside risks remain.
So, the nearest support is at $1,908, a breakout of which will open exchanges towards $1,900. Going further, $1,886 will be the limit for Gold buyers (March 15 low).
On the other hand, a strong resistance is seen near the $1930 area, above which $1944. The next relevant upside target is seen at the psychological $1950 level.
You might consider Selling gold around 1943 – 1940
And my goal will be 1933 – 1920
You might consider Buying gold around 1902 – 1905
And my goal will be 1908 – 1922
Note: Fully install TP, SL to prioritize safety in trading and conquering the market.
Commentaire:
US President Joe Biden said Tuesday, June 27, that the US economy is "strong at the moment" and that he does not expect a recession, a day before he delivers an economic policy speech in Chicago.
Transaction en cours:
PLAN BUY +100PIPS
Commentaire:
The Fed's bank stress test overlooks the scenarios that brought down three regional lenders earlier this year.