GOLD TECHNICAL CHART
Following a dip in the Asian session the European session has seen the Dollar Index (DXY) retreat slightly with XAUUSD bouncing off the 100-day MA to trade at $1945/oz at the time of writing. A continuation of the bounce this morning will have the $1950 level to contend with before eyeing resistance around $1957 and $1970 respectively. The 50-day MA currently rests around the $1991 handle should bulls take control and the rally gather steam.
Alternatively, a break back below the 100-day MA around the $1936 mark could see price revisit the $1925 handle before ticking lower toward the psychological $1900 mark. Gold is interesting given a debt ceiling deal could see safe haven demand dissipate, weighing on the precious metal. A weaker dollar on the other hand could support further upside as bulls and bears are likely to continue jostling for position.
DOLLAR INDEX AND DEBT CEILING DEAL
Given yesterday’s Bank holiday in the US and UK, market participants will do doubt be keeping a close eye on the reaction to the US debt ceiling agreement (in principle). Of course, this deal still needs to be ratified by both White House and Republican Congressional leaders before the bill makes its way to US President Bidens desk. US Treasury Secretary Yellen on Friday provided a new date for a potential default providing policymakers with a little more wiggle room as the date was shifted from June 1 to June 5.
A lot could potentially go wrong in the interim, however more importantly will be the reaction from markets today, which could provide a gauge of what to expect ahead of US jobs data on Friday. The US dollar has also received renewed support of late as Fed Fund rate hike probabilities for the Feds June meeting has increased. Markets are now pricing in around a 56% chance of a 25bps hike in June, up from 28% a week ago.
📊XAUUSD TP HITT +80 PIPS ✅✅ ✅
💥 The Goal achieved with our Expert Application designed specifically for TRADING GOLD 💪
☎️ @LeadersSupport
💰 Tournament Progress 📊📊
🔰 Target : 50$ To 2500$ IN 5 DAYS
Number of signals : 9 ✅
9 Sgnals TP Hitt ✅
NO Signal SL Hitt❌
✅ +680 ToTAL PIPS
🔥 Finally we are done 🔥
🔹Started from : 50$
🔸Transfered to : 2650$ 💰
☎️ @LeadersSupport
🔔 Tournament 📊📊
🔰Target : 50$ To 2500$ IN 5 days
🔥 Finally we are done 🔥
🔹Started from : 50$
🔸Transfered to : 2658$ 💰
#We could transfer 50$ to 2658$ in 5 trading days although the real target was 2500$ but we could make more than needed With God Wil
Congrats for the Participants❤️💰
☎️ @LeadersSupport
The core inflation rate in the Euro Area is
Euro Area Inflation Slows Hitting February 2022 Lows, EUR/USD Bid
estimated to have retreated to 5.3% in May down from last month’s print of 5.6%. The core CPI which excludes prices of energy, food, alcohol and tobacco went down 0.3%, recording its lowest reading since January in what will most definitely be seen as a positive by the ECB.
More profitable tournaments are waiting for us All the best guys 💰
☎️ @LeadersSupport
How does the Tournament Works 📊
We will start all together from 50$ and make the target to be 2500$ in just 5 #days by taking trades from the most powerful areas , the signals will be sent with 97% Accuracy so reaching the target will be so easy for us
All The best 💪💰
☎️@LeadersSupport
💰 Tournament Progress 📊📊
🔰 Target : 50$ To 2500$ IN 5 DAYS
Number of signals : 9 ✅
9 Sgnals TP Hitt ✅
NO Signal SL Hitt❌
✅ +785 ToTAL PIPS
🔥 Finally we are done 🔥
🔹Started from : 50$
🔸Transfered to : 2500$ 💰
☎️ @LeadersSupport
🔔 Tournament 📊📊
🔰Target : 50$ To 2500$ IN 5 days
🔥 Finally we are done 🔥
🔹Started from : 50$
🔸Transfered to : 2500$ 💰
#We could transfer 50$ to 2500$ in 5 trading days
Congrats for the Participants❤️💰
☎️ @LeadersSupport
GOLD TECHNICAL ANALYSIS
The daily chart doesn’t look great for gold bugs, with a key uptrend that has underpinned prices since the end of last year now under a clear bearish attack.
It currently offers support very close to the current market at $1937.69. A daily and weekly close below that level is in prospect and that could well presage further falls. Support below that is likely in the $1912 area from mid-March, but the next clear downside level would be $1901.80. That’s the second Fibonacci retracement of the rise from November’s lows to the peak of May 4, just above the $2000 level.
The psychologically important $1950 point bears watching now, however. The market hasn’t spent long below that point since March 23, and its ability to stay above that point now could be a key near-term indicator.
IG’s own sentiment indicators suggest that the precious metal may have suffered enough for now. Fully 68% of respondents are bullish at current levels.
📊XAUUSD TP HITT +70 PIPS ✅✅ ✅
💥 The Goal achieved with our Expert Application designed specifically for TRADING GOLD 💪
📊XAUUSD TP HITT +80 PIPS ✅✅ ✅
💥 The Goal achieved with our Expert Application designed specifically for TRADING GOLD 💪
📊XAUUSD TP HITT +80 PIPS ✅✅ ✅
💥 The Goal achieved with our Expert Application designed specifically for TRADING GOLD 💪
US NFP and jobs data lie ahead this week and could result in an increase in rate hike probabilities should the labor market continue its resilient trend.
Читать полностью…
📊XAUUSD TP HITT +80 PIPS ✅✅ ✅
💥 The Goal achieved with our Expert Application designed specifically for TRADING GOLD 💪
☎️ @LeadersSupport
🔵 Tournament 50$ To 2500$ in (5 days) starts on #Monday
➖ Fee : 100$ ✅
✅ Payment method:
➖ Skrill➖ Perfectmoney➖Usdt➖ Bitcoin
🔵 U can #check our vip channel before #payment
🔐for registration contact☎️ @LeadersSupport
✅ TOURNAMENT PARTICIPANTS are in fire 🔥 💰
it's my pleasure to provide this service , Enjoy Guys 💪
☎️@LeadersSupport
Tournament Reviews 💰
it's a pleasure to see such a reviews , thx for everybody who gave support to us even with an small positive word
We will try to read all of your messages be patient ❤️
☎️@LeadersSupport
📊XAUUSD TP HITT +65 PIPS ✅✅ ✅
💥 The Goal achieved with our Expert Application designed specifically for TRADING GOLD 💪
☎️ @LeadersSupport
📊XAUUSD TP HITT +65 PIPS ✅✅ ✅
💥 The Goal achieved with our Expert Application designed specifically for TRADING GOLD 💪
☎️ @LeadersSupport
Tournament Progress 📊
VIP Tournament Signals are in fire🔥
Lately Almost all the Trades are closing in profits and that’s all back and based on the gold system we are managing which it can catch good entry points with high accuracy 💰
🔵 Tournament 50$ To 2500$ in (5 days) starts on #Monday
➖ Fee : 100$ ✅
✅ Payment method:
➖ Skrill➖ Perfectmoney➖Usdt➖ Bitcoin
🔵 U can #check our vip channel before #payment
🔐for registration contact☎️ @LeadersSupport
Tournament Reviews 💰
it's a pleasure to see such a reviews , thx for everybody who gave support to us even with an small positive word
We will try to read all of your messages be patient ❤️
☎️@LeadersSupport
📊XAUUSD TP HITT +65 PIPS ✅✅ ✅
💥 The Goal achieved with our Expert Application designed specifically for TRADING GOLD 💪
☎️ @LeadersSupport
📊XAUUSD TP HITT +70 PIPS ✅✅ ✅
💥 The Goal achieved with our Expert Application designed specifically for TRADING GOLD 💪
☎️ @LeadersSupport
📊XAUUSD TP HITT +80 PIPS ✅✅ ✅
💥 The Goal achieved with our Expert Application designed specifically for TRADING GOLD 💪
📊XAUUSD TP HITT +80 PIPS ✅✅ ✅
💥 The Goal achieved with our Expert Application designed specifically for TRADING GOLD 💪
📊XAUUSD TP HITT +80 PIPS ✅✅ ✅
💥 The Goal achieved with our Expert Application designed specifically for TRADING GOLD 💪
