XAUUSD: Profit-Taking and Trading Strategies

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The recent substantial rise in gold prices has prompted some investors to take profits, leading to a subsequent price pullback.
Additionally, the Federal Reserve has maintained the benchmark interest rate within the 4.25%-4.50% range. Projections suggest two rate cuts are likely in 2025.
The Fed's interest rate decision has once again disappointed the bears. Contrary to expectations of a decline, gold has surged to a new all-time high of $3056.

XAUUSD
buy@3035-3040
tp:3050-3055-3060

sell@3060-3070
tp:3055-3050-3045

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