Trader Like pro.
Main focus for today’s Gold:
✅ US Dollar Index (DXY)
When the Dollar strengthens, it usually puts pressure on Gold.
✅ Fed Rate Expectation
The market is now looking ahead to the Fed’s future interest rate decisions. Higher rate expectations can be negative for Gold.
✅ US Economic Data
Today’s Jobless Claims and PMI data could be the most important intraday movers.
Trading caution:🚫
Between 6:20 PM and 7:00 PM, and between 8:40 PM and 9:00 PM, there can be a quick spike or reversal in XAU/USD.
During news time, spreads and volatility may increase, so it’s risky to enter without confirmation.
Main focus for today’s Gold:
✅ US Dollar Index (DXY)
When the Dollar strengthens, it usually puts pressure on Gold.
✅ Fed Rate Expectation
The market is now looking ahead to the Fed’s future interest rate decisions. Higher rate expectations can be negative for Gold.
✅ US Economic Data
Today’s Jobless Claims and PMI data could be the most important intraday movers.
Trading caution:🚫
Between 6:20 PM and 7:00 PM, and between 8:40 PM and 9:00 PM, there can be a quick spike or reversal in XAU/USD.
During news time, spreads and volatility may increase, so it’s risky to enter without confirmation.