CPI how should investors trade Gold?

13 de jul. de 2023

Despite the lower-than-expected inflation, which may prompt some traders to cover short positions and ultimately provide much-needed support for gold, the overall accumulation has been stronger than anticipated in recent weeks, and the clear trend of the Fed is to raise interest rates again, indicating a 25 bps rate hike is still on the table for the July FOMC meeting.


Trading strategy:

SELL XAU/USD around the price range of 1957-1960.

Stop Loss: 1964.
Take Profit 1: 1950.
Take Profit 2: 1945.
Take Profit 3: 1940.
BUY XAU/USD around the price range of 1928-1933.

Stop Loss: 1924.
Take Profit 1: 1940.
Take Profit 2: 1945.
Take Profit 3: 1950.
Note:

Trade with 1% of your account per trade to ensure capital management principles.
Do not exceed 5% of your account capital within the nearest 10 price levels.
Always set Stop Loss (SL) in all situations and pay attention to trades based on your current capital.

15 de jul. de 2023

Nota

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