News trading strategy ADP on the evening of February 8

2 Ağu 2023

According to the World Gold Council, global demand for gold fell 2% in the second quarter to 921 tonnes due to high interest payments on deposits and a stronger US economy.

However, the demand for gold by central banks in the first 6 months of 2023 reached a record high of 387 tons. If central banks implement "smart money flow" control, this is a positive signal for gold bulls.

Previously, many forecasts said that gold could reach the threshold of 2,000 USD/ounce. The demand for this precious metal product remains high in the context of economic and political instability happening around the world.

The USD meanwhile is at the end of a bull cycle and is about to enter a prolonged bearish phase.

2 Ağu 2023

Not

XAUUSD BUY SCALPING 1942

✅ TP1: 1947

❌ SL: 1938

XAUUSD BUY 1930

✅TP1: 1938
✅TP2: 1945

❌ SL: 1922

2 Ağu 2023

Not

XAUUSD SELL SCALPING 1962

✅ TP1: 1955

❌ SL: 1967

XAUUSD SELL 1970

✅TP1: 1962
✅TP2: 1955

❌ SL: 1978