GOLD 08/06/2023 Bears have the upper hand

8 ביוני 2023

GOLD price seesaws around the intraday high as it prints slight gains after dropping the most in a week the previous day. Even so, GOLD remains indecisive on a weekly basis as markets struggle to find clear direction amid a blackout ahead of the Fed and mixed feelings on growth concerns Global.

Organization for Economic Co-operation and Development (OECD) flagged concerns about a weak global economic transition amid higher interest rates and spurred buyers of GOLD , especially after a rate hike surprise rates from central banks in Australia and Canada. However, the easing of concerns about the Federal Reserve (Fed) rate hike by 0.25% in June contrasts with the possibility of a rate hike in July to underpin the Gold Price rally towards the end. year.

SELL GOLD zone 1953 - 1955

Stop Loss : 1958

Take profit1 : 1948
Take profit 2: 1940
Take profit 3: 1935

Note: Installing TP SL fully wins the market and is safe in trading