XAU/USD remains near record highs as the US dollar weakens, with gold prices set to consolidate further in the coming months, underscoring that the precious metal is unlikely to fall further below $2,400 an ounce.
Gold has hit back-to-back record highs this year, rising around 22%, and peaked at $2,531 an ounce last week on expectations of an upcoming US interest rate cut and concerns over conflict in the Middle East.
Gold has hit back-to-back record highs this year, rising around 22%, and peaked at $2,531 an ounce last week on expectations of an upcoming US interest rate cut and concerns over conflict in the Middle East.
Note
SELL XAU 2515TP1: 2510
TP2: 2504
SL: 2522
Note
RUnning + 60 pips Note
running + 60 pips Note
hit TP 2 
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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.