XAU increases sharply to maintain record high priceThe $2,500/ounce level of the precious metal is very difficult to maintain. Because, after reaching a new historical milestone, gold is easily sold off by investors to take profits. Not only that, at such a high price, it is difficult to attract new buyers to the market, also causing this commodity to decrease in price.
The upward trend of gold is still in place and the direction of the precious metal will depend on the policy direction of the US Federal Reserve (Fed).
The balance between economic growth and inflation is reduced, which will strengthen the possibility of a stronger interest rate cut. On the contrary, if he is optimistic and does not make a specific commitment, the market may have to readjust current expectations.
Forexrader
EURCAD 4H SwingEURCAD is about to start a new Bullish Trend that will provide around a 1:20 if the setup comes. I have the 15min shown here. As divergence forms, I will enter market with buy orders and swing it all the way up. We are sitting inside a Daily Supply Zone from years ago, this will be insane.
AUDNZD Long - +150 pip potential🚨 Trade Alert: BUY
AUDNZD H4
Entry: 1.06325
SL: 1.05913
TP: 1.08210
Risk/Reward: 4.58
🔔 Once in 50 pips profit, please use a trailing stop for every 50 pips it moves.
USE PROPER RISK Only 2%.
Disclaimer: This Message Is Only For Educational Purposes. Trade At Your Own Risk
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