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Market Updates - 20/05

🚨 #Gold holds below $3,250 on modest US Dollar strength

🚨 S&P 500 ekes out sixth winning day as investors look past U.S. credit downgrade

Source: Fxstreet & CNBC

#forex #Gold #bitcoin

#XAUUSD
Gold has strongly broken out of the range, can the subsequent rise continue?
#GOLD
From the current point of view, the bullish trend of gold has not yet ended.
In the early trading, it once hit a high of 3314, and it is currently maintaining a consolidation around 3300.

🚨 The start of the European session is the key. If gold stabilizes above 3300, the subsequent rise will continue, and the market will basically maintain a consolidation of 3300-3340.

In the short term, 3290-3300 is the absolute support position.

#XAUUSD
Gold has successfully risen to the price of 3340. Will it rise further?

I personally think that the most critical bottom support position today is here at 3315.
#GOLD
As long as gold is above 3315, it will be in a consolidation and rise, or maintain the consolidation at 3315-3340.
The position to pay attention to above is around 3350. Once it breaks through 3340 and stands above 3350, gold may rise further to test 3360-70.
Even if it is bullish, there will not be much market in the future.
However, if gold falls below the price of 3315 or even 3300, it may trigger a sharp dive.

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📊 WEEKLY REPORT OF OUR SIGNALS: 📊

19 May TO 23 May

✅ GOLD > Earned 110+ Green PIPS 💰
✅ GOLD > Earned 110+ Green PIPS 💰
✅ GOLD > Earned 100+ Green PIPS 💰
✅ USD/JPY> Earned 100+ Green PIPS 💰
✅ GBP/JPY > Earned 100+ Green PIPS 💰
✅GBP/AUD> Earned 100+ Green PIPS 💰
✅ GBP/CAD> Earned 100+ Green PIPS 💰

Total Green PIPS of today > +720
Total Red PIPS of today > -0
Total Net Profit Today > 720+ ✅

We are starting our day by the name of Almighty Allah. May Allah bless us to kill the market every day.. And able us to give you everyone's best work.

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These are the biggest events to watch this week:
The RBNZ will probably cut rates again, while OPEC+ will hold a full ministerial meeting. The Fed will also be in focus as it will publish the May meeting minutes, although Friday’s core PCE price index might capture more attention.
Tokyo CPI figures out of Japan will be watched too for an early glimpse on the strength of price pressures amid doubts about BoJ rate hikes.
Stay ahead of the markets. See the full Economic Calendar here:

https://clicks.pipaffiliates.com/c?c=503688&l=en&p=1
#XM #XXMPakistan #EconomicCalendar