Tag - gold

Gold is oversold in the short term
Gold is oversold in the short term

Gold declined below its 1769 key support area yesterday and posted the lowest level since April 15 around 1755 USD/Oz, which is another support that we should keep an eye on.

Weekly Trade Ideas: NFP, OPEC, USD
Weekly Trade Ideas: NFP, OPEC, USD

The main events of the week are Non-Farm Payrolls (NFP) on Friday and the OPEC meeting on Thursday. Watch the video to get the fresh outlook for currencies, stocks, & commodities for the June 28- July 02 trading week!

USD rocketed after Fed. How to trade today?
USD rocketed after Fed. How to trade today?

The Fed made a hawkish surprise! The bank would start a discussion about scaling back bond purchases. Besides, it is likely to make two interest-rate increases by the end of 2023 (sooner than expected)!

Gold: short-term trade ideas
Gold: short-term trade ideas

Everyone is interested in trading gold (XAU/USD). The meeting of the Federal Reserve at 21:00 MT time (GMT+3) will certainly drive the price.

Gold reached our retracement target
Gold reached our retracement target

Gold prices tumbled during the first trading day of the week declining to as low as 1844 USD/Oz. However, it was able to trim these losses and closed the day around 1866 USD/Oz.

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Don’t waste your time – keep track of how NFP affects the US dollar and profit!

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