Saturday, April 1, 2023

XAU/USD Trading Recommendations |


Against the backdrop of rising and if the Fed continues to remain neutral, the pair has the potential to resume growth.

If the publication today at (12:30 GMT) of June data from the US does not meet expectations and a strong forecast, then we should expect an increase in quotations of gold and the XAU/USD pair.

In this case, the targets will be the levels of 1916.00, 1963.00, 1976.00 (local highs), 2000.00, and the first signal to resume long positions will be the breakdown of the short-term resistance level of 1782.00 and consolidation in the zone above this mark.

In the alternative scenario, XAU/USD will strengthen the downward dynamics, and the breakdown of the local support level of 1751.00 will become a signal for the development of the scenario for a decrease in XAU/USD.

Trading recommendations

Sell ​​Stop 1770.00. Stop-Loss 1791.00. Take-Profit 1751.00, 1685.00, 1645.00, 1580.00, 1560.00
Buy Stop 1791.00. Stop-Loss 1770.00. Take-Profit 1795.00, 1808.00, 1815.00, 1900.00, 1916.00, 1963.00, 1976.00, 2000.00, 2010.00

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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