XAU rebounded after USD weakened
The second shock from a major player in the market caused profit-taking pressure to skyrocket.
World gold pressure dropped from the July 8 session after news that the Central Bank of China (PBOC) stopped buying gold for the second consecutive month in June. According to PBOC's announcement, the amount of gold bars held by the bank As of the end of June, this was unchanged at 72.8 million ounces.
This information is contrary to some sources saying that China returned to buying gold in June.
World gold prices increased rapidly after US Federal Reserve Chairman Jerome Powell made less hawkish statements on monetary policy. Investors bet on the possibility that the Fed will lower interest rates at its September meeting.
The USD is forecast to decrease following the Fed's trend of cutting interest rates, thereby positively affecting gold prices.
World gold pressure dropped from the July 8 session after news that the Central Bank of China (PBOC) stopped buying gold for the second consecutive month in June. According to PBOC's announcement, the amount of gold bars held by the bank As of the end of June, this was unchanged at 72.8 million ounces.
This information is contrary to some sources saying that China returned to buying gold in June.
World gold prices increased rapidly after US Federal Reserve Chairman Jerome Powell made less hawkish statements on monetary policy. Investors bet on the possibility that the Fed will lower interest rates at its September meeting.
The USD is forecast to decrease following the Fed's trend of cutting interest rates, thereby positively affecting gold prices.
ملاحظة
☄️XAUUSD SELL NOW 2369- 2372 💵✔️TP 2364
✔️TP 2358
❌SL 2377
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.