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XAUUSD at the beginning of week 39

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Gold prices see a recovery, achieving gains of 0.25%, driven by a reversal in US bond yields, with the 10-year note coupon dropping from a 16-year high of 4.51% to 4.44%. Federal Reserve officials express a cautious stance, emphasizing the need for patience despite the necessity for further rate hikes to control inflation.

The US Dollar Index (DXY) continues to print modest gains, sitting at 105.56, potentially impacting gold’s rally, with next week, US data includes Consumer Confidence, Durable Goods Orders, and Initial Jobless Claims to provide further direction.

⚡️SELL XAUUSD PRICE 1937 -1935
↠↠ STop 1942 → Profit 1930

⚡️BUY XAUUSD PRICE 1910 -1913

↠↠ STop 1907 →Profit 1922

⚡️Psychology, discipline and capital management are the three factors that make victory possible.⚡️

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⚡️Gold prices see a recovery, achieving gains of 0.25%, driven by a reversal in US bond yields, with the 10-year note coupon dropping from a 16-year high of 4.51% to 4.44%.

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⚡️Let's make plans for the new week, everyone

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⚡️The trading session at the beginning of the week was not attractive to traders, very cautious trading, gold moved in a narrow range

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⚡️Gold price hovers above $1,920 during the Asian session on Monday. The prices of yellow metal snapped a losing streak on Friday as the US Dollar (USD) trimmed its intraday gains, which could be attributed to the falling in the US Treasury yields.

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⚡️50% of the plan has been achieved. Please join me in following the rest

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