HDTRADING Accumulated gold waiting for breakthrough opportunity
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Gold prices were mixed in afternoon trading on Thursday (August 3), near the end of three weeks, after US private sector employment data showed the economy could avoid a recession. and bet on further monetary tightening.
This is a buying opportunity, said Clifford Bennett, head of economics at ACY Securities, although there could be some further short-term volatility, especially as bond yields are expected. will continue to increase.
“The easy days for gold are over,” said Mr. Bennett, adding that a stronger dollar is weighing on gold prices.
The dollar index rose to a four-week high and 10-year U.S. bond yields were at their highest since November after data on Aug. 2 showed private-sector employment numbers. mine increased more than expected last month.
On Friday (August 4), the US nonfarm payrolls report for July will be appreciated to see if the US Federal Reserve (Fed) needs to raise interest rates more to cool down. no, according to Reuters.
This is a buying opportunity, said Clifford Bennett, head of economics at ACY Securities, although there could be some further short-term volatility, especially as bond yields are expected. will continue to increase.
“The easy days for gold are over,” said Mr. Bennett, adding that a stronger dollar is weighing on gold prices.
The dollar index rose to a four-week high and 10-year U.S. bond yields were at their highest since November after data on Aug. 2 showed private-sector employment numbers. mine increased more than expected last month.
On Friday (August 4), the US nonfarm payrolls report for July will be appreciated to see if the US Federal Reserve (Fed) needs to raise interest rates more to cool down. no, according to Reuters.
Note
XAUUSD BUY 1933 - 1935✅ TP1: 1940
✅ TP2: 1947
❌ SL: 1927
Note
Running +15Pips ✅Note
Bart Melek, head of commodity strategy at TD Securities, said he expects gold to rally to $2,100 an ounce, a new all-time high later this year, and weak economic data. . doing change the field of Fed.Note
BUY NOWNote
Buy +25Pips ✅✅Note
Close Buy +40Pips ✅✅Note
I will update new signalNote
XAUUSD BUY AGAIN 1933 - 1931✅ TP1: 1940
✅ TP2: 1947
❌ SL: 1925
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