XAUUSD-When the market declines, the current logical entry point
Data from last week showed US growth edged higher in July after a steady decline this year, raising concerns that the US Federal Reserve (Fed) will be forced to raise interest rates further to limit the risk. even pressure mode.
This perception sent the dollar higher, with the greenback hitting a more than one-month high on Monday. The strength of the USD opposes most commodities priced in the greenback including gold.
ActivTrades senior analyst Ricardo Evangelista said: “With the use of consumer and producer prices slightly higher than expected at the end of last week, some things are certain about the end of the cycle. rising period. Fed interest rates have gone up in smoke.”
My consumer prices rose moderately in July as producer prices rose slightly more than expected, in line with easing usage pressure that could convince the Fed to leave rates unchanged next month.
This perception sent the dollar higher, with the greenback hitting a more than one-month high on Monday. The strength of the USD opposes most commodities priced in the greenback including gold.
ActivTrades senior analyst Ricardo Evangelista said: “With the use of consumer and producer prices slightly higher than expected at the end of last week, some things are certain about the end of the cycle. rising period. Fed interest rates have gone up in smoke.”
My consumer prices rose moderately in July as producer prices rose slightly more than expected, in line with easing usage pressure that could convince the Fed to leave rates unchanged next month.
✅ TP1: 1909
✅ TP2: 1914
🛑 SL: 1899