Great opportunity to buy gold on 24/2/2023
Gold price came under renewed bearish pressure and touched its lowest level since late December below $1,820 before rebounding toward $1,830. The benchmark 10-year US Treasury bond yield turned negative on the day near 3.9% following earlier advance, helping XAU/USD limits its losses.
Gold price opened the year at $1,823.76 and reached a year-to-date high of $1,960 on February 2, right in between the first Federal Reserve meeting of the year and the surprising release of the US jobs report for January. Since then, the ongoing downtrend has been relentless, reaching levels close to the yearly open, around $1,830.
Trading recommendation:
Buy 1820 - 1818
Stop Loss: 1815
Take profit 1: 1830
Take Profit 2:1835
Take profit 3: 1840
sell 1843 - 1845
Stop loss 1858
Take profit 1: 1840
Take profit 2: 1835
Take profit 3: 1830
Note: Always set TP and SL in all trading cases
Gold price opened the year at $1,823.76 and reached a year-to-date high of $1,960 on February 2, right in between the first Federal Reserve meeting of the year and the surprising release of the US jobs report for January. Since then, the ongoing downtrend has been relentless, reaching levels close to the yearly open, around $1,830.
Trading recommendation:
Buy 1820 - 1818
Stop Loss: 1815
Take profit 1: 1830
Take Profit 2:1835
Take profit 3: 1840
sell 1843 - 1845
Stop loss 1858
Take profit 1: 1840
Take profit 2: 1835
Take profit 3: 1830
Note: Always set TP and SL in all trading cases
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.