Gold Spot / U.S. Dollar
Short
Updated

XAUUSD: Short-selling strategy preferred!

114
Dear traders!

Gold prices are currently consolidating their recovery from the three-week low of $2,833, reached on Monday morning, as the market braces for a volatile week amid upcoming U.S. tariffs and ceasefire talks with Ukraine.

From a technical perspective, based on the EMA 34 and 89, along with the recent drop below $2,900, we continue to favor a short-selling strategy.
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