Gold (XAUUSD) trading commentary on 20/3/2023
World gold price is listed at 1,989.3 USD/ounce, up 121.2 USD/oz compared to last week's closing session.
The most important event that investors are waiting for today is the monetary policy meeting of the US Federal Reserve (Fed). Markets are pricing the Fed for a 25 basis point increase, but investors say a pause and a rate cut could follow.
Trading recommendation:
Gold Sell 1990 - 1993
Stoploss : 2000
Take profit 1: 1985
Take Profit 2: 1980
Take profit 3: 1970
Buy Gold 1965 - 1966
Stop loss: 1960
Take profit 1: 1970
Take Profit 2:1975
Take profit 3: 1980
Note: Always install Stoploss and Takeprofit to ensure safety in trading
The most important event that investors are waiting for today is the monetary policy meeting of the US Federal Reserve (Fed). Markets are pricing the Fed for a 25 basis point increase, but investors say a pause and a rate cut could follow.
Trading recommendation:
Gold Sell 1990 - 1993
Stoploss : 2000
Take profit 1: 1985
Take Profit 2: 1980
Take profit 3: 1970
Buy Gold 1965 - 1966
Stop loss: 1960
Take profit 1: 1970
Take Profit 2:1975
Take profit 3: 1980
Note: Always install Stoploss and Takeprofit to ensure safety in trading
