Trade closed: stop reached
Price can not break below 2320.Gold (XAU/USD) recovers and trades in the $2,340s on Thursday after the US Dollar (USD), to which it is negatively correlated, weakens following the release of the second estimate of US GDP data, which was revised down due to slower consumer spending.
Closed at $2348
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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.