Hello everyone, today let's look at the price of gold together!
Yesterday, gold fell to a low of 2282 USD. However, gold has now recovered and is fluctuating around 2,300 USD, crossing the EMAs 34 and 89 at a price of about 2,318 USD early on Thursday.
The US Federal Reserve (Fed) decided to keep the benchmark interest rate unchanged from 5.25% to 5.5%, which still causes gold to go through an adjustment period. In the short term, gold prices may continue to decline due to increased pressure from profit-taking and short selling.
However, over a longer time frame, many factors will support gold prices, including global economic uncertainties, geopolitical tensions and election uncertainty. As long as these tensions persist and economic policies continue to cause instability, gold will remain the foundation for stability.
Trading plan for April 2:
👨💻 Buy XAUUSD around 2310 - 2308
🔹 Set stop loss at 2305
🔹 Profit target at 2315 - 2320 - 2225
Wishing you successful trading and achieving your profit goals!
Yesterday, gold fell to a low of 2282 USD. However, gold has now recovered and is fluctuating around 2,300 USD, crossing the EMAs 34 and 89 at a price of about 2,318 USD early on Thursday.
The US Federal Reserve (Fed) decided to keep the benchmark interest rate unchanged from 5.25% to 5.5%, which still causes gold to go through an adjustment period. In the short term, gold prices may continue to decline due to increased pressure from profit-taking and short selling.
However, over a longer time frame, many factors will support gold prices, including global economic uncertainties, geopolitical tensions and election uncertainty. As long as these tensions persist and economic policies continue to cause instability, gold will remain the foundation for stability.
Trading plan for April 2:
👨💻 Buy XAUUSD around 2310 - 2308
🔹 Set stop loss at 2305
🔹 Profit target at 2315 - 2320 - 2225
Wishing you successful trading and achieving your profit goals!
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