Gold consolidates around $2,030, as traders await US inflation data for fresh direction. The US Dollar pauses Tuesday’s turnaround amid sluggish US Treasury bond yields and risk-aversion.
XAUUSD
price ranges between 21-day SMA and 50-day SMA as bearish RSI counters Bull
Looking ahead, Gold price is likely to extend its range trade, in the absence of top-tier US economic data and pre-CPI data nervousness. But Gold traders could find fresh impetus from the sentiment on Wall Street and Fedspeak.
In case risk-aversion intensifies, the
XAUUSD
rebound could be checked by the resurgent safe-haven demand for the US Dollar. Conversely, dovish Fed expectations could keep the downside cushioned in $OANDA:XAUUSD.
🌐
XAUUSD
PLAN 10/01
SELL Price range 2048$ - 2050$. Stoploss: 2054$
BUY Price range 2015$ - 2013$. Stoploss: 2010$
BUY Price range 2002$ - 2000$. Stoploss: 1996$
Note: Full TP, SL to be safe and win the market ‼️
XAUUSD
price ranges between 21-day SMA and 50-day SMA as bearish RSI counters Bull Looking ahead, Gold price is likely to extend its range trade, in the absence of top-tier US economic data and pre-CPI data nervousness. But Gold traders could find fresh impetus from the sentiment on Wall Street and Fedspeak.
In case risk-aversion intensifies, the
XAUUSD
rebound could be checked by the resurgent safe-haven demand for the US Dollar. Conversely, dovish Fed expectations could keep the downside cushioned in $OANDA:XAUUSD.
🌐
XAUUSD
PLAN 10/01 SELL Price range 2048$ - 2050$. Stoploss: 2054$
BUY Price range 2015$ - 2013$. Stoploss: 2010$
BUY Price range 2002$ - 2000$. Stoploss: 1996$
Note: Full TP, SL to be safe and win the market ‼️
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Yesterday's strategy January 10th is still used today
