Gold June 22: Gold's trend after the hearing?

XAUUSD Yesterday, Powell's words eased fears and helped the stock market recover, pushing the USD lower against its main rivals.

Although demand for the US currency has eased, XAUUSD is far from recovering its bullish status. Inflation is easing and consumer strength is starting to wane, which will worsen even further this year.

Support level: 1,924.60 1,912.50 1,903.80
Resistance levels: 1,942.50 1,953.30 1,966.20

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You might consider selling gold around XAUUSD 1947 - 1950

And my goal will be XAUUSD 1926 - 1923

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Note: Fully install TP, SL to prioritize safety in trading and conquering the market.

Trade aktif:

The Fed chair emphasized that interest rate decisions will be made based on subsequent economic data and meeting by meeting, rather than following a predetermined route.

Trade aktif:

The number of homes for sale in the US fell to record low levels in May as high mortgage rates continue to deter people from moving.