Gold trading strategy on June 19, buy or sell at the moment?
Gold prices ticked down in light trade on Monday, pressured by a stronger dollar, as investors assessed the path ahead for interest rates following hawkish remarks from U.S. Federal Reserve policymakers.
Spot gold fell 0.1% to $1,955.79 per ounce by 0433 GMT. U.S. gold futures
were down 0.2% to $1,967.20.
The dollar index edged up, making bullion less attractive for buyers holding other currencies.
Traders are now pricing in an about 72% chance of Fed rate hike in July, according to the CME Fedwatch tool.
XAUUSD BUY 1950 - 1952 💯💯
✅ TP1: 1958
✅ TP2: 1963
✅ TP3: 1970
🛑 SL: 1942
Spot gold fell 0.1% to $1,955.79 per ounce by 0433 GMT. U.S. gold futures
were down 0.2% to $1,967.20.
The dollar index edged up, making bullion less attractive for buyers holding other currencies.
Traders are now pricing in an about 72% chance of Fed rate hike in July, according to the CME Fedwatch tool.
XAUUSD BUY 1950 - 1952 💯💯
✅ TP1: 1958
✅ TP2: 1963
✅ TP3: 1970
🛑 SL: 1942
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