Last night, a series of unexpected news about the USD index has caused a significant drop in DXY, with currency pairs XXXUSD, oil, US stock indices, BTC and gold all experiencing rapid increases.
In today's Asian-European session, the market expects gold to undergo a slight correction to around $1930 - $1925 before deciding whether to continue its upward momentum towards $1943 or retreat back to the 18xx range this week.
Today, important indicators will be released. Choosing quick scalping is a suggested safe trend for today.
In today's Asian-European session, the market expects gold to undergo a slight correction to around $1930 - $1925 before deciding whether to continue its upward momentum towards $1943 or retreat back to the 18xx range this week.
Today, important indicators will be released. Choosing quick scalping is a suggested safe trend for today.
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The gold market continues to have a strong uptrend and has touched the level of 1947 USD/ounce.
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The closely watched personal consumption expenditures (PCE) price index in the second quarter rose 2.5% from the first estimate of a 2.6% increase.
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Stopping interest rates will help the USD sink further, this is an opportunity for investors to buy gold.
