$OANDA:XAUUSD Key Zone 2355 - 2350 Incoming LONG or SHORT ?

Updated

Strong Zone 2355 to 2350

If holds, go LONG - Key Points 2400, TP1: 2425 to TP2: 2485

If breaks, go SHORT - TP1: 2305 then below?

Note

ZONE BREACHED

Trade active

SWING TRADES ACTIVE. HOLD!! 🤞
BUY @ 2360
TP1: 2425
TP2: 2485
TP3: 2500 🤑
SL: 2350

Note

Gold prices are expected to hit $2,500/oz by the fourth quarter of 2024 and $2,600/oz by the end of 2025 - J.P. Morgan

Note

❗ Inflation continues falling, good news for stocks and Gold, despite the slower pace of decline
We expect stocks and Gold to continue licking their wounds, stabilizing, and the US Dollar to edge lower.
The next big thing is the Fed, on Wednesday next week.

Trade active

TP 1 Hit

FXLA_Traders

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