XAUUSD - Non-Farm News Trading Strategy, Buy or Sell?
World gold prices fell slightly yesterday and are holding near a three-week low after US private payrolls data raised the possibility that the Fed will continue to tighten monetary policy and create a dollar as well as the US dollar. US bond yields rose.
“This is an opportunity to buy, although some short-term volatility is possible, especially as bond yields are expected to move up,” said Clifford Bennett, chief economist at ACY Securities. continue to increase”. At the same time, he also added that the strong dollar is outperforming this precious metal.
The dollar rallied to a four-week high and 10-year US yields hit their highest levels since November 2022, after data released on Aug. 2 showed US private payrolls. higher than expected in July 2023.
Meanwhile, the Bank of England is expected to raise interest rates to a 15-year high through August 3, as usage remains the highest among the world's major economies.
“This is an opportunity to buy, although some short-term volatility is possible, especially as bond yields are expected to move up,” said Clifford Bennett, chief economist at ACY Securities. continue to increase”. At the same time, he also added that the strong dollar is outperforming this precious metal.
The dollar rallied to a four-week high and 10-year US yields hit their highest levels since November 2022, after data released on Aug. 2 showed US private payrolls. higher than expected in July 2023.
Meanwhile, the Bank of England is expected to raise interest rates to a 15-year high through August 3, as usage remains the highest among the world's major economies.
הערה:
XAUUSD BUY 1925 - 1927
✅ TP1: 1935
✅ TP2: 1942
❌ SL: 1919
✅ TP1: 1935
✅ TP2: 1942
❌ SL: 1919
הערה:
BUY HIT TP2 + 170Pips ✅
✅ TP1: 1944
✅ TP2: 1935
❌ SL: 1960