Short term trading strategy when XAU is slightly down
XAU/USD remains near record highs as the US dollar weakens, with gold prices set to consolidate further in the coming months, underscoring that the precious metal is unlikely to fall further below $2,400 an ounce.
Gold has hit back-to-back record highs this year, rising around 22%, and peaked at $2,531 an ounce last week on expectations of an upcoming US interest rate cut and concerns over conflict in the Middle East.
Gold has hit back-to-back record highs this year, rising around 22%, and peaked at $2,531 an ounce last week on expectations of an upcoming US interest rate cut and concerns over conflict in the Middle East.
Note
SELL XAU 2515
TP1: 2510
TP2: 2504
SL: 2522
Note
RUnning + 60 pips Note
running + 60 pips Note
hit TP 2 
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