Gold confined within two key averages, awaits US CPI for fresh direction
Gold price is treading water while defending the critical 200-DMA at $1,920 during early Tuesday dealings. XAU/USD price is losing the upside traction, as the United States Dollar (USD) finds its feet amidst a negative shift in risk sentiment and the buoyant tone seen around the US Treasury bond yields.
Important support zone: 1916 1905
Important resistance zone: 1930 1935
Gold trading strategy today
BUY GOLD 1914-1916
SL: 1908
SELL GOLD 1931-1933
SL: 1937
Gold price is treading water while defending the critical 200-DMA at $1,920 during early Tuesday dealings. XAU/USD price is losing the upside traction, as the United States Dollar (USD) finds its feet amidst a negative shift in risk sentiment and the buoyant tone seen around the US Treasury bond yields.
Important support zone: 1916 1905
Important resistance zone: 1930 1935
Gold trading strategy today
BUY GOLD 1914-1916
SL: 1908
SELL GOLD 1931-1933
SL: 1937
Komentarz:
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