XAUUSD - Under pressure even as ISM Services PMI drops to 52.7

アップデート済

The gold market is trying to hold critical support levels but is struggling even as activity in the U.S. service sector continues to slow, according to the latest data from the Institute for Supply Management (ISM).

Thursday, the ISM said its Services Purchasing Managers Index fell to a reading of 52.7% last month, down from June's reading of 53.9%. The data also missed consensus estimates as economists were expecting a small drop to 53.1%.

ノート

Thursday, the ISM said its Services Purchasing Managers Index fell to a reading of 52.7% last month, down from June's reading of 53.9%. The data also missed consensus estimates as economists were expecting a small drop to 53.1%.

ノート

🐾 SELL XAUUSD zone 1952 - 1954

⚠️ Stop Loss : 1960

💲 Take Profit 1: 1946
💲 Take Profit 2: 1940
💲 Take Profit 3: 1930

🐾 BUY XAUUSD zone 1915 - 1917

⚠️ Stop Loss : 1910

💲 Take Profit 1: 1925
💲 Take Profit 2: 1930
💲 Take Profit 3: 1935

ノート

Friday's surprise payroll data miss showed 187,000 jobs created versus 200,000 expected, which helped Gold find its footing and recover from its recent slump. Will a single miss be enough to stave off the Fed's aggressive stance on rate hikes?

ノート

🐾 BUY XAUUSD zone 1936 - 1938

⚠️ Stop Loss : 1932

💲 Take Profit 1: 1942
💲 Take Profit 2: 1947
💲 Take Profit 3: 1952

トレード稼働中

⭐️Plan to BUY Successfully Runnings + 30pips 💲💲💲

トレード稼働中

Close 1/2 + 40pips 💲💲💲 1/2 Move SL to Entry ⭐️

ノート

The IGCS gauge shows that about 76% of retail traders are net-long gold. Since the vast majority are biased to the upside, this continues to suggest that prices may keep falling down the road.