Get started
Gold Spot / U.S. Dollar
Short

XAUUSD DOWNTREND

251
Intro Gold

  1. Gold price continues to draw support from bets for a 50 bps Fed rate cut in September.

  1. Falling US bond yields and softer USD also act as a tailwind for the non-yielding metal.

  1. Bulls, however, seem reluctant and await the release of the US NFP report on Friday.


Price Tag

Sell at 2526 - 2530 SL at 2533

TP at 2440
AngelScalping
Technical IndicatorsNEWSnewstradingvolatiltyxauusdshort

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Technical IndicatorsNEWSnewstradingvolatiltyxauusdshort
AngelScalping

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.