News trading strategy ADP on the evening of February 8
Atualizado
According to the World Gold Council, global demand for gold fell 2% in the second quarter to 921 tonnes due to high interest payments on deposits and a stronger US economy.
However, the demand for gold by central banks in the first 6 months of 2023 reached a record high of 387 tons. If central banks implement "smart money flow" control, this is a positive signal for gold bulls.
Previously, many forecasts said that gold could reach the threshold of 2,000 USD/ounce. The demand for this precious metal product remains high in the context of economic and political instability happening around the world.
The USD meanwhile is at the end of a bull cycle and is about to enter a prolonged bearish phase.
Nota
XAUUSD BUY SCALPING 1942 ✅ TP1: 1947
❌ SL: 1938
XAUUSD BUY 1930
✅TP1: 1938
✅TP2: 1945
❌ SL: 1922
Nota
XAUUSD SELL SCALPING 1962✅ TP1: 1955
❌ SL: 1967
XAUUSD SELL 1970
✅TP1: 1962
✅TP2: 1955
❌ SL: 1978
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