XAUUSD : Gold will continue to create new records for itself

Gold continues to rise after Chairman Powell's first testimony

Gold prices extended their upward momentum after Chairman Powell leaned toward the "dovish" side and reported a lower-than-expected JOLTS.

During the March 6 session, gold prices maintained their upward momentum, supported when Fed Chairman Powell leaned towards the "dovish" side in his first hearing. He believes that the Fed can completely cut interest rates this year and interest rates have peaked. The strongest increase occurred in the European session when gold rebounded from $2,125 and closed the session at $2,148. Precious metals were also supported by a weaker-than-expected JOLTS jobs report.

Today, the market will receive Chairman Powell's next testimony before the Senate, then on Friday will release the expected NFP data. Currently, gold is slightly down to $2,145.

It is expected that gold will continue to increase strongly to 2168 and then the 2188 area and if USD data continues to be too bad, there is a high possibility that gold will touch 2200, creating an all-time high.

הערה:

Buy 2147 - 2149

TP : 2155
TP2 : 2160
TP3 : 2168

SL 2140

Buy Limit 2143 - 2145

TP : 2150
TP2 : 2155

SL : 2138

הערה:

hit tp2 100 pips

הערה:

Round 2 Buy 2148 hit 150 pips

הערה:

Gold continues to rise after the US unemployment report stabilized

Gold prices extended their upward momentum as the number of US unemployment benefit applications remained unchanged, continuing to be supported by Chairman Powell's statement in the previous hearing.

In the March 7 session, gold prices maintained their upward momentum after the number of US unemployment benefit applications remained the same as expected. Precious metals received strong support when Fed Chairman Powell said that loosening policy could be implemented this year. Gold increased from $2,140 to $2,161, then corrected slightly and ended the day at $2,156.

Today, the market will receive important economic data from the United States, including the unemployment rate and the expected NFP report. Currently, gold is trading around $2,158.

הערה:

Buy 2153 - 2155

TP : 2160
TP2 : 2165
TP3 : 2170

SL 2145

Buy Limit 2147 - 2149

TP : 2155
TP2 : 2160

SL : 2140

הערה:

Running 30 pips

הערה:

Hit TP1 60 pips

עסקה פעילה:

Hit 80 pips

הערה:

hit tp2 110 pips

הערה:

hit 140 pips

הערה:

Hit TP3 160 pips

הערה:

Hit 400 pips