Gold (XAU/USD) establishes a foothold above the $2,700 psychological level on Friday after piercing above this level on the previous day, setting yet another fresh all-time high. Traders are bullish bullion as they foresee a lower trajectory for interest rates globally. This, in turn, lowers the expected opportunity cost of holding Gold given it is a non-interest-paying asset, and makes it more attractive to portfolio holders. Anyway, lets scalping on MONDAY!
SELL GOLD 2722-2724
TP 1 : 2718
TP 2 : 2714
TP 3 : 2707/OPEN
SL 2727
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