XAUUSD : Gold will recover after falling in price

XAU/USD is fluctuating around 2,325 USD/ounce. World gold prices moved sideways as investors waited for US inflation data, expected to be released later this week with the focus on the US core PCE index. This makes investors increase their expectations that the Fed will soon reduce interest rates in the next few months, supporting gold - a non-yielding asset.

SPDR Gold Shares fund sold a net 2.88 tons of gold on June 24, reducing its holdings to 829.05 tons.

Trade active:

🔝 1. XAUUSD BUY 2325 - 2327 🪙🪙🪙

✔️ TP 2335
✔️ TP2 2340

❌ SL 2315

🔝 2. XAUUSD BUY Limit 2319- 2321 🪙🪙🪙

✔️ TP : 2330
✔️ TP2 : 2335

❌ SL 2315

Trade active:

running 50 pips

Comment:

running 90 pips

Comment:

hit 120 pips