The price of gold is having a hard time making any significant progress on the first day of the week. It is stuck within a small range near the 100-day Simple Moving Average during the Asian session. Currently, the XAU/USD is trading slightly above the 1,960 level, with little change throughout the day. Traders are eagerly waiting for key central bank events this week before making any strong decisions on the future direction of gold.
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A 10-year U.S. home price rally could be coming to an end, says Robert Shiller.
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Plan SELL full TP + 130pips
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Inflation will soon be back again - this time to the upside Benchmark (gasoline) futures contracts for fuel are up about 18% in 2023.
Stop Loss : 1975
Take Profit 1: 1965
Take Profit 2: 1960
Take Profit 3: 1955
BUY XAUUSD zone 1951 - 1949
Stop Loss : 1944
Take Profit 1: 1955
Take Profit 2: 1960
Take Profit 3: 1965