Gold has given up some of its gains on Friday and is on its third consecutive weekly decline due to the possibility of a last-minute debt ceiling deal and higher-than-expected US inflation, which is likely to keep interest rates higher for longer. Spot gold rose 0.1% to $1,943 at 1:40 pm EDT (5:40 pm GMT) after rising 0.9% in the session.
Meanwhile, US gold futures were almost unchanged at $1,944. The White House and Republican lawmakers aim to complete the final steps of a two-year debt ceiling agreement. Gold hit a two-month low of $1,936 in Asian trading hours and is expected to lose 1.7% in the week.
The Personal Consumption Expenditures (PCE) inflation measure, which the Federal Reserve uses to track its 2% inflation target, rose 4.4% YoY in April after rising 4.2% in March. Traders believe that the Fed will increase rates for the 11th consecutive time in June. This will make gold less attractive as it does not offer any yield.
Meanwhile, US gold futures were almost unchanged at $1,944. The White House and Republican lawmakers aim to complete the final steps of a two-year debt ceiling agreement. Gold hit a two-month low of $1,936 in Asian trading hours and is expected to lose 1.7% in the week.
The Personal Consumption Expenditures (PCE) inflation measure, which the Federal Reserve uses to track its 2% inflation target, rose 4.4% YoY in April after rising 4.2% in March. Traders believe that the Fed will increase rates for the 11th consecutive time in June. This will make gold less attractive as it does not offer any yield.
コメント:
⭐️Make a trading plan:
✅Buy Scalping order in the $1,944-$1,942 price zone when the support zone is approached.
✖️Stoploss: $1,940.
⭐️Make a trading plan:
✅Buy Scalping order in the $1,944-$1,942 price zone when the support zone is approached.
✖️Stoploss: $1,940.
コメント:
🟢The signal is not broken :)). Enter buy order 1,942 move Stoploss to take profit
コメント:
🟢Try to take profit at the sell entry
コメント:
🟢Success strategy
🟢Success strategy
✅Sell the $1,961-$1,958 range when the price hits the resistance area.
✖️Stoploss: $1,965.