GOLD : Prediction of gold in Europe and America

15 minutes ago
Open interest in gold futures markets extended the uptrend for another session on Tuesday, this time by around 3.4K contracts according to preliminary data from CME Group. At the same time, volume increased by nearly 45,000 contracts after two consecutive daily declines.

Gold prices extended the pessimism in the first half of the week amid increased open interest and volume. On the contrary, the precious metal looks poised to extend its decline in the near term and with the immediate target of the June low of $1893/troy ounce.F

코멘트:

Gold prices are trading at a five-month low, under selling pressure even as the New York Federal Reserve reported a sharp drop in activity in the region's manufacturing sector.

My data points for the day showed a 0.7 percent increase in retail sales for July compared to June, which was a surprise and well above market expectations. The report is a hawk on US monetary policy and is key US data ahead of next week's annual Fed symposium in Jackson Hole, Wyoming.

In the long term, the USD is said to be difficult to escape from the downward trend due to the Fed's monetary policy reversal and the decline in the payment power of the greenback when many major countries, including China and Russia, are being excluded. decim dollars out of transactions.

코멘트:

🕯 SELL GOLD | 1920 - 1917
🔴 SL: 1925

🟢 TP1: 1912
🟢 TP2: 1907

🕯 BUY GOLD | 1890 - 1893
🔴 SL: 1885

🟢 TP1: 1898
🟢 TP2: 1903

액티브 트레이드:

Plan BUY Running + 30pips ✔️✔️✔️

액티브 트레이드:

Close 1/2 + 65pips ✔️✔️✔️ Move SL to Entry 😮

거래청산: 타겟 닿음:

Plan BUY HIT TP1 + 80pips ✔️✔️✔️

코멘트:

- Unemployment claims in America recorded 264 thousand new applications, compared to expectations of recording 260 thousand applications.

코멘트:

- Goldman Sachs is planning a hiring joy to fix fading amid Fed sternness.