GOLD TO TEST SUPPLY AT $1980

26 de jul. de 2023

Gold price is higher above $1970 during early New York trading session ahead of the Fed. Fed Powell’s speech will be crucial for gold buyers as 0.25% rate hike priced in. XAUUSD tested 1950 support and bounced yesterday which opened the path to $1970. However, a supply zone from May, around $1983 - 1987, appears a tough nut to crack for the XAUUSD bulls. We will be looking for Fed Powell press conference later today for trading opportunities.

26 de jul. de 2023

Nota

Moving as expected, book your Gold profits now.

27 de jul. de 2023

Trade fechado: objetivo atingido