The price of gold continues to decline as the US dollar strengthens and concerns about China's largest XAU/USD customer persist. In doing so, the precious metal fails to justify its traditional safe haven status, as well as signaling an inability to rally concerns that the Federal Reserve will maintain stable interest rates in its September monetary policy meeting, supported by recent softer US data.
Note
BUY XAUUSD zone 1899 - 1902SL: 1896
TP: 1905
TP: 1908
Trade closed: stop reached
Close plan buy hit full TP +90pips
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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.