XAU continues to rise and hit a record
Gold resumed its losses today and hovered near an all-time high after minutes from the US Federal Reserve's latest meeting showed officials were strongly inclined to cut interest rates at their September policy meeting. "Gold has the potential to move higher but not accelerate sharply without any unexpected events to spur it," Tai Wong added. "Gold prices closed higher after minutes from the Fed meeting showed 'majority' of the committee is ready to cut interest rates in September"
Comment
BUY XAU 2500
TP1: 2510
TP2: 2520
SL: 2492
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