The market is now paying attention to some US producer prices
World gold prices reversed and decreased slightly with spot gold down 5.9 USD to 2,511.8 USD/ounce. Gold futures last traded at $2,540.30 an ounce, down $5.60 from the bright spot.
Expectations for an interest rate cut at next week's main meeting decreased somewhat after the consumer price report put upward pressure on gold, causing the precious metal to lose 0.2% on the day. Accordingly, the latest report found that consumer prices in the US increased slightly in August, but underlying utilization remained stable, which may make the US Federal Reserve (Fed) unable to decided to reduce 50 basis points next week.
💎
XAUUSD Buy 2485 - 2487💎
✔️TP1: 2500
✔️TP2: 2510
✔️TP3: OPEN
🚫SL: 2480
💎XAUUSD Sell 2522 - 2525💎
✔️TP1: 2510
✔️TP2: 2500
✔️TP3: OPEN
🚫SL: 2533
Expectations for an interest rate cut at next week's main meeting decreased somewhat after the consumer price report put upward pressure on gold, causing the precious metal to lose 0.2% on the day. Accordingly, the latest report found that consumer prices in the US increased slightly in August, but underlying utilization remained stable, which may make the US Federal Reserve (Fed) unable to decided to reduce 50 basis points next week.
💎
XAUUSD Buy 2485 - 2487💎✔️TP1: 2500
✔️TP2: 2510
✔️TP3: OPEN
🚫SL: 2480
💎
XAUUSD Sell 2522 - 2525💎✔️TP1: 2510
✔️TP2: 2500
✔️TP3: OPEN
🚫SL: 2533
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🔴9-12 signals per day
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t.me/xauusdtradingfx
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