Gold forecast and opportunities
It’s worth noting that Friday’s downbeat prints of the US Nonfarm Payrolls (NFP) joined the mixed Fed signals to trigger the US Dollar’s retreat from a multi-day high, which in turn allowed the Gold Price to recover from a multi-day-old support line. However, the weekend comments from Fed Governor Michelle Bowman appear hawkish and join the looming geopolitical fears surrounding China to exert downside pressure on the XAU/USD.
Apart from that, the Gold market’s consolidation ahead of festive demand from India, one of the key customers of XAU/USD, also keeps the metal prices down ahead of the key data/events from the US.
Gold buy zone 1936-1932
Target 1942
Target 1950
Target 1955
Note : wishes to traders manage thier capital well and safe
- take small lot's on your account
- take profit 10% of your capital
-stop loss on 4% of your capital
The big trader is who trade long term with tp
Originally posted here: https://ift.tt/wcKsZe8
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