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Xauusdforex

Gold prices have adjusted after a series of increases last week.OANDA:XAUUSD The price of gold (XAU/USD) is experiencing a remarkable surge on Friday due to escalating geopolitical tensions in the Israel-Palestine conflict. In times of uncertainty, traders are turning to the precious metal as a safe haven, while the US dollar (USD) is also strengthening. The escalation of the conflict in Gaza has led Israel to shift its focus from aerial to ground operations, causing an increase in geopolitical tensions and strengthening safe-haven assets. The worsening consumer sentiment in the United States and the dovish comments made by Philadelphia Fed President Patrick Harker have added pressure to US Treasury yields.
OANDA:XAUUSDLong
by Basil_Trading
Gold - There are many disadvantages ahead.US inflation is still trending well above the Fed's annual target, which is still likely to signal at least one more rate hike this year. Rising interest rates are bad for non-yielding assets like gold, as they drive up the opportunity cost of holding gold. This trade has broken gold until 2022 and has limited the yellow metal's gains so far this year. SELL XAUUSD zone 1963 - 1966 Stop Loss : 1972 Take Profit 1: 1960 Take Profit 2: 1955 Take Profit 3: 1950 Note: Installing TP SL fully wins the market and is safe in trading
OANDA:XAUUSDShort
by DNA_TradingFX
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