XAUUSD- Strategy Sell gold when the market Sideway
In general, the world gold price is fluctuating with a gentle amplitude, flipping horizontally in recent trading sessions. Gold prices are standing neutral pending a decision on interest rate changes from the Federal Reserve (Fed).
Over the past week, the market has received a series of important information about the US economy. However, this data cannot well support the Fed's decision to stop raising interest rates.
On the other hand, world gold tends to decrease when the USD, US government bond yields all go up and investors turn their attention back to the stock market.
Experts believe that gold prices will not recover in the near future. But this will be a good opportunity for investors who want to buy this precious metal and are waiting for a more extended rally.
Over the past week, the market has received a series of important information about the US economy. However, this data cannot well support the Fed's decision to stop raising interest rates.
On the other hand, world gold tends to decrease when the USD, US government bond yields all go up and investors turn their attention back to the stock market.
Experts believe that gold prices will not recover in the near future. But this will be a good opportunity for investors who want to buy this precious metal and are waiting for a more extended rally.
✅ TP1: 1912
✅ TP2: 1905
🛑 SL: 1927