At the same time, the pressure and talks of Hawkish from the Fed, BOE and ECB, and of course the central banks of several other countries, the selling pressure has prevailed on gold.
According to the PMI and before the meetings of the central banks last week, it seemed that the selling pressure on gold has decreased, but with the emphasis of the central banks that the time to increase the interest rates in America, Europe and England will be long, the selling pressure on gold will rule again.
Of course, the publication of core PCE news on Friday can be important. If the output of the meeting is a soft number, we can expect the selling pressure on gold to decrease, and if it is far from the forecast, other events are coming. Of course, due to the upcoming holidays, we cannot expect a large volume in the market.
Please pay attention to capital management (at the end of each month, a statement is provided based on this capital management)
Capital management method:
1) only 1% risk
2) In 1-to-1 RR, we are risk-free and withdraw 50% of the profit.
3) When it reaches RR one to two, we move the stop loss to the TP of the first point and below the pivot , and in the same way, we move with the price in different RRs .
According to the PMI and before the meetings of the central banks last week, it seemed that the selling pressure on gold has decreased, but with the emphasis of the central banks that the time to increase the interest rates in America, Europe and England will be long, the selling pressure on gold will rule again.
Of course, the publication of core PCE news on Friday can be important. If the output of the meeting is a soft number, we can expect the selling pressure on gold to decrease, and if it is far from the forecast, other events are coming. Of course, due to the upcoming holidays, we cannot expect a large volume in the market.
Please pay attention to capital management (at the end of each month, a statement is provided based on this capital management)
Capital management method:
1) only 1% risk
2) In 1-to-1 RR, we are risk-free and withdraw 50% of the profit.
3) When it reaches RR one to two, we move the stop loss to the TP of the first point and below the pivot , and in the same way, we move with the price in different RRs .