US lawmakers have agreed "in principle" to increase the spending limit for the next two years, potentially preventing a US debt default before the June deadline. This has eased concerns about economic disruption and boosted returns on risky assets. However, gold prices have dropped as the dollar has strengthened, reaching two-month highs. Markets anticipate a potential rate hike by the Fed in June, which is not favorable for non-yielding assets like gold. If gold drops below $1,954 it may invite gold sellers, but an upward-sloping trend line from November 2022 challenge the bears at $1,930.
XAUUSD SELL 1953-1955 Stop Loss 1963 My own expected return is 1950 - 1943 - 1935
BUY SCALP 1940-1943 Stoploss 1936 My own expected return is 1945 - 1950 - 1955
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