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Gold is currently priced at $1,961, showing a slight increase of $2 compared to yesterday. The Federal Reserve will announce its interest rate decision on Wednesday (26/7), followed by the European Central Bank (ECB) on 27/7, both expected to see significant rate hikes.

The US Dollar Index's recovery at the start of the week has put pressure on gold, which is priced in USD. Gold will trade around its current level until there is clearer information regarding policy guidance from the upcoming Fed meeting.

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According to the report, central banks' gold purchases slowed down due to weak ETF demand. From April to June, central banks purchased 102.9 tons of gold, a 39% decrease compared to the unprecedented demand reported in Q2 2022.

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🐾 SELL XAUUSD zone 1985 - 1987

⚠️ Stop Loss : 1990

💲 Take Profit 1: 1980
💲 Take Profit 2: 1975
💲 Take Profit 3: 1965

🐾 BUY XAUUSD zone 1941 - 1939

⚠️ Stop Loss : 1934

💲 Take Profit 1: 1945
💲 Take Profit 2: 1950
💲 Take Profit 3: 1960