Gold price falls to test $1,930 amid firmer US Dollar, yields

Giá lên
Muhan_F1 Cập nhật   
OANDA:XAUUSD   Vàng / Đô la Mỹ
Gold Price (XAU/USD) remains on the back foot for the fourth consecutive day even as the bears struggle to gain market acceptance ahead of the top-tier US data. In doing so, the yellow metal portrays the trader’s cautious optimism as full markets return after a long weekend in the US.

That said, the doubts about China’s capacity to defend the economic recovery join firmer US Treasury bond yields, which in turn underpins the US Dollar’s rebound amid a sluggish session.

It should be noted that Friday’s upbeat US Nonfarm Payrolls (NFP), global rating agency Moody’s upbeat revision to the US growth forecasts and hawkish comments from Federal Reserve Bank of Cleveland President Loretta J. Mester seem to keep the US Dollar firmer, as well as exert downside pressure on the Gold Price.

Alternatively, the risk-positive news from China’s biggest reality player Country Garden and Beijing’s efforts to defend economic recovery via multiple qualitative and quantitative measures should have prod the Gold sellers but failed to do so amid the recently firmer Greenback.

Moving on, the full markets’ reaction to the latest shift in sentiment and today’s US Factory Orders for July, as well as the Fed concerns, will be important to watch for clear directions.

PLAN 1: BUY XAUUSD 1928 - 1930

Stop Loss : 1924
Take Profit 1 : 1935
Take Profit 2 : 1940
Take Profit 3 : 1945

PLAN 2: SELL XAUUSD 1909 - 1912

Stop Loss : 1905
Take Profit 1 : 1920
Take Profit 2 : 1925
Take Profit 3 : 1930
Bình luận:
The market is moving in the right direction
Bình luận:
The field has exceeded the point
Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.