XAU could be at risk as the market overestimates a 50 basis point Fed rate cut, which could turn investors away from gold. The odds of a 25 basis point Fed rate cut are now down to 59% from over 70% last week.
Note
SELL XAU 2581TP1: 2575
TP2: 2569
SL: 2589
Note
Hit TP 1 Note
Running + 150 pips Related publications
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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.