Gold prices fell on Monday as easing trade tensions between the United States and China provided investors with reassurance, while a stronger dollar weighed on the metal.
Last week, the Trump administration signaled an openness to easing the trade war between the world's two largest economies that has raised fears of a recession. Trump said tariff talks with China were ongoing.
XAUUSD trading strategy around the price zone:
SELL XAUUSD around 3330-3332
Stoploss: 3336
Take Profit 1: 3326
Take Profit 2: 3320
Take Profit 3: 3315
BUY XAUUSD around 3264-3266
Stoploss: 3260
Take Profit 1: 3270
Take Profit 2: 3275
Take Profit 3: 3281
Note: Always set Stoploss in all cases to be safe
Last week, the Trump administration signaled an openness to easing the trade war between the world's two largest economies that has raised fears of a recession. Trump said tariff talks with China were ongoing.
XAUUSD trading strategy around the price zone:
SELL XAUUSD around 3330-3332
Stoploss: 3336
Take Profit 1: 3326
Take Profit 2: 3320
Take Profit 3: 3315
BUY XAUUSD around 3264-3266
Stoploss: 3260
Take Profit 1: 3270
Take Profit 2: 3275
Take Profit 3: 3281
Note: Always set Stoploss in all cases to be safe
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🪙 JOIN OUR FREE TELEGRAM GROUP 🪙
t.me/tradingchampionschannelJoin the community group to get support and share knowledge!
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️🥇 Support free trading signals
t.me/tradingchampionschannelJoin the community group to get support and share knowledge!
️🥇 Exchange and learn market knowledge
️🥇 Support free trading signals
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.