Market Expectation: When you sell XAU/USD, you're essentially taking a position that the value of gold (XAU) will decrease compared to the US dollar (USD). This can be based on various factors such as economic data, geopolitical events, or market sentiment.
Procedure: To sell XAU/USD, you would typically do so through a brokerage platform that offers forex trading. You would choose the amount (volume) you wish to sell based on your trading strategy and risk tolerance.
Profit and Loss: If the price of XAU/USD falls after you sell, you can buy it back at a lower price to make a profit. Conversely, if the price rises, you would incur a loss when you buy it back at a higher price.
Procedure: To sell XAU/USD, you would typically do so through a brokerage platform that offers forex trading. You would choose the amount (volume) you wish to sell based on your trading strategy and risk tolerance.
Profit and Loss: If the price of XAU/USD falls after you sell, you can buy it back at a lower price to make a profit. Conversely, if the price rises, you would incur a loss when you buy it back at a higher price.
Trade closed: target reached