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Gold sell 2332 limit 2338
TP 2329
TP 2326
TP 2323
TP 2320
Sl 2345
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βοΈFed Chair Powell Speaks SOON
Gold prices slipped on Tuesday as the U.S. dollar held firm, while investors awaited comments from Federal Reserve Chair Jerome Powell and key jobs data for further clues about the interest rate outlook.
The dollar was supported by rising U.S. bond yields, making bullion less attractive.
In order for gold prices to break above the current range, the market needs to see further weak data points that increase the possibility of a Fed rate cut in September.
Lower rates reduce the opportunity cost of holding zero-yielding gold.
"Weaker central bank demand or a delay to the Fed normalizing interest rates are also risks to the strong investment demand thesis.
P.S. I still expect GOLD to move to support below 2310 by my Analysis
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Gold sell trade full close
Allhumdullah Received new account thanks for trust me β
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TP 3 hit successful
90 pips running profit
TP 2 hit successful
60 pips running profit
TP 1 hit successful
30 pips running profit
Gold sell 2334 limit 2340
TP 2331
TP 2328
TP 2325
TP 2322
Sl 2345
