Gold is trading steadily in the early morning session in Asia, supported by weak U.S. economic data released overnight. Service sector activity unexpectedly declined in May, while ADP data showed 37,000 jobs created, marking the slowest private sector hiring pace in over two years. Quasar Elizundia from Pepperstone stated in an email that this data has bolstered gold’s appeal as a safe-haven asset. The research strategist added that the international environment is also favorable for gold, noting trade tensions between the U.S. and China. Spot gold remained nearly unchanged at $3,374.86/oz.
Trading Strategies for XAUUSD
https://tradingview.sweetlogin.com/x/kW0kLO5e/
SELL XAUUSD around the 3390-3392 area
- SL: 3397
- TP1: 3385
- TP2: 3380
- TP3: 3374
BUY XAUUSD around the 3346-3348 area
- SL : 3340
- TP 1: 3352
- TP 2: 3356
- TP 3: 3361
Note: Always set a Stoploss in all cases to stay safe.
Trading Strategies for XAUUSD
https://tradingview.sweetlogin.com/x/kW0kLO5e/
SELL XAUUSD around the 3390-3392 area
- SL: 3397
- TP1: 3385
- TP2: 3380
- TP3: 3374
BUY XAUUSD around the 3346-3348 area
- SL : 3340
- TP 1: 3352
- TP 2: 3356
- TP 3: 3361
Note: Always set a Stoploss in all cases to stay safe.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🪙 JOIN OUR FREE TELEGRAM GROUP 🪙
t.me/dnaprofits
Join the community group to get support and share knowledge!
️🥇 Exchange and learn market knowledge
️🥇 Support free trading signals
t.me/dnaprofits
Join the community group to get support and share knowledge!
️🥇 Exchange and learn market knowledge
️🥇 Support free trading signals
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.