Morning Analysis:
Daily gold trading signals: US consumer confidence saw its biggest drop since August 2021, falling to 98.3 in February from 105.3, according to the Conference Board. Richmond Fed President Thomas Barkin said on Tuesday that he favors a wait-and-see approach on interest rates until there is clear evidence that inflation is returning to the Fed’s 2% target. Meanwhile, Dallas Fed President Lorie Logan suggested that, over time, the Fed should prioritize purchasing shorter-term securities to better align its portfolio with Treasury issuance, as reported by Bloomberg. Still a downtrend today, back to the price range of 2900, 2890 to accumulate the uptrend. Link
| Trend | Bearish |
| Buy Zone | 2870 |
| Sell Zone | 2929 |
| Resistance | 2915 to 2920 to 2925 |
| Support | 2900 to 2895 to 2890 |
| Performance of Day’s Signal | Bullish (H4) |
| Insights for Tomorrow | Bullish |
– Key News Impact:
– Signal:
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