Gold prices rose in the Morning, although gains were limited by strength in the dollar as uncertainty over the U.S. presidential race and anticipation of a Federal Reserve meeting kept traders on edge. Gains in the Gold were limited by a rebound in the dollar, which benefited from a mix of safe haven demand and positioning before a Fed meeting next week. Traders remained largely biased towards the greenback amid persistent uncertainty over the 2024 presidential elections, especially after President Joe Biden dropped out of the race and endorsed Vice President Kamala Harris as the Democratic candidate.<\/p>\n\n\n\n
Spot gold rose 0.3% to $2,416.72 an ounce, while gold futures expiring in August rose 0.4% to $2,417.65 an ounce<\/p>\n\n\n\n
CURRENTLY GOLD IS MOVING ON UP TREND.<\/mark><\/strong><\/p>\n\n\n\n Expecting correction up to 2412.13<\/p>\n\n\n\n Today’s important levels for trading are 2394.31, 2403.11, 2418.03 and 2426.83<\/p>\n\n\n\n Trading Strategy for today: Buy on Dip<\/mark><\/strong><\/p>\n\n\n\n Trade setup:<\/mark><\/strong><\/p>\n\n\n\n Pullback Buy around 2412.50, Deeper Buy around 2403.50<\/p>\n\n\n\n Safe swing sell below 2393.50 Important Event : <\/strong><\/p>\n\n\n\n \ud83d\udd34 Flash Manufacturing PMI Gold prices rose in the Morning, although gains were limited by strength in the dollar as uncertainty over the U.S. presidential race and anticipation of a Federal Reserve meeting kept traders on edge. Gains in the Gold were limited by a rebound in the dollar, which benefited from a mix of safe haven demand and […]<\/p>\n","protected":false},"author":1,"featured_media":567,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,38],"tags":[],"class_list":["post-566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-technical-analysis"],"yoast_head":"\n
Safe swing buy above 2423.50<\/p>\n\n\n\n
\ud83d\udd34 Flash Services PMI
\ud83d\udfe0 New Home Sales <\/p>\n\n\n\nRemark: This market analysis is published to increase your awareness, but not to give instructions to make a trade.<\/mark><\/h6>\n","protected":false},"excerpt":{"rendered":"