The XAUUSD price drop hit the morale of the bullish
At the end of last week, Fed funds futures were discounting an 81% chance of a 25-bps rate hike by June 2022; those odds have now risen to 97%.
The prospect of faster tapering and a rate hike sooner than otherwise expected is proving to be beneficial for the US Dollar – but hazardous for both US equity markets and gold prices. Breadth has been poor in US stock markets over the past week or so, and the latest turn in speculation around the Fed is a detrimental development near-term.
The prospect of faster tapering and a rate hike sooner than otherwise expected is proving to be beneficial for the US Dollar – but hazardous for both US equity markets and gold prices. Breadth has been poor in US stock markets over the past week or so, and the latest turn in speculation around the Fed is a detrimental development near-term.
تم فتح الصفقة:
Calculate the number of pips to take profit on a long position. Also consider whether the price will be blocked and retraced to the grey area.
تم فتح الصفقة:
Potential decline
تم فتح الصفقة:
Prices down and within the grey range
تم فتح الصفقة:
Stay neutral, for now. You need to follow up on this idea to be the first to know if I change my mind.
تم فتح الصفقة:
2H Charts
Set up a trading plan
Set up a trading plan
تم فتح الصفقة:
Hit the target
تم فتح الصفقة:
Waiting for the next entry
تم فتح الصفقة:
XAUUSD price is in a consolidation range
تم فتح الصفقة:
أغلقت الصفقة: تم الوصول للهدف:
