Strategy to sell XAU when the market drops
Updated
A combination of factors dragged gold prices to their lowest in more than a week on Monday.
Bets that the Fed will cut interest rates in September provided some support and helped limit losses.
#US Q2 GDP on Thursday and US PCE data on Friday will be eyed for fresh momentum.
Bets that the Fed will cut interest rates in September provided some support and helped limit losses.
#US Q2 GDP on Thursday and US PCE data on Friday will be eyed for fresh momentum.
Note
XAUUSD SELL 2398 - 2400 TP1: 2394
TP2: 2390
SL: 2407
Note
Running + 80 pipsNote
+ 140 pips
Related publications
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.