US inflation is still trending well above the Fed's annual target, which is still likely to signal at least one more rate hike this year.
Rising interest rates are bad for non-yielding assets like gold, as they drive up the opportunity cost of holding gold. This trade has broken gold until 2022 and has limited the yellow metal's gains so far this year.
SELL XAUUSD zone 1963 - 1966
Stop Loss : 1972
Take Profit 1: 1960
Take Profit 2: 1955
Take Profit 3: 1950
Note: Installing TP SL fully wins the market and is safe in trading
Rising interest rates are bad for non-yielding assets like gold, as they drive up the opportunity cost of holding gold. This trade has broken gold until 2022 and has limited the yellow metal's gains so far this year.
SELL XAUUSD zone 1963 - 1966
Stop Loss : 1972
Take Profit 1: 1960
Take Profit 2: 1955
Take Profit 3: 1950
Note: Installing TP SL fully wins the market and is safe in trading
