Gold sell confirm signal

Zaktualizowano
Any meaningful recovery for the Gold price, however, remains elusive in the wake of rising bets for further policy tightening by the Federal Reserve (Fed), which should act as a tailwind for the USD and the US bond yields. Traders might also prefer to wait on the sidelines ahead of the US Core PCE Price Index on Friday, which will provide fresh cues about the Fed's future rate-hike path and provide a fresh directional impetus to the non-yielding yellow metal. In the meantime, Thursday's release of the final US Q2 GDP print and the Weekly Initial Jobless Claims might influence the USD later during the early North American session. Apart from this, the broader risk sentiment might contribute to producing short-term trading opportunities

Gold now sell 1874
Sell limit 1879
Target 1870
Target 1866
Target 1855

SL 1886
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