XAUUSD ANALYSIS | HABENTFX | 11.07

XAUUSD ANALYSIS | HABENTFX | 11.07

11 July 2019, 12:53
Hasan Benturk
1
25

Pivot level 1408, Resistance 1420 - 1426 - 1437, Support 1397 - 1391 - 1379

Dollar Rises After Withdrawal / 1426 Significant Resistance / Daily Change 1.30%

Gold prices rose after FOMC meeting minutes and Powell's statements. As a result of the FED's interest rate cut expectations, investors started to sell in dollar positions and turned to ounces. Although closely monitoring the data to be announced during the day, it will be important that inflation data, especially on the US side, come at the expectations level.

Google translation was used!


My Signal | Telegram | Instagram | twitter


Share it with friends: