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XAUUSD Does PCE fluctuate strongly?
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🔸According to the 4-hour chart, XAU/USD is oversold, however technical indicators continue to be almost vertical and near the intraday low, suggesting selling pressure remains quite strong.
🔸The supportive factor, to a greater extent, is offset by solid expectations that the Federal Reserve (Fed) will maintain its hawkish stance and continue to tighten its monetary policy.
🔸In fact, the US central bank warned last week that inflation remaining stable would likely attract at least one more interest rate hike later this year.
🔷 Sell scalpXAUUSD range 1874.5 - 1877.5
🔷 I have plans for an entry Sell at the price range of 1885 - 1887 / SL 1892
Or if the oscillation force is strong, there will be a Sell entry in the price range of 1900 - 1902 / SL 1907.
🍭 Remember to always set SL, love your money by being cautious when trading!
🔸The supportive factor, to a greater extent, is offset by solid expectations that the Federal Reserve (Fed) will maintain its hawkish stance and continue to tighten its monetary policy.
🔸In fact, the US central bank warned last week that inflation remaining stable would likely attract at least one more interest rate hike later this year.
🔷 Sell scalp
XAUUSD range 1874.5 - 1877.5🔷 I have plans for an entry Sell at the price range of 1885 - 1887 / SL 1892
Or if the oscillation force is strong, there will be a Sell entry in the price range of 1900 - 1902 / SL 1907.
🍭 Remember to always set SL, love your money by being cautious when trading!
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