XAU trading strategy December 11, 2023
Updated
XAU fell sharply ahead of the European session on Friday following news (NFP) of , that employment in the month far exceeded market expectations, which suggests that the FED could cut interest rates ahead of schedule.
In short, the gold market is currently facing a complex backdrop shaped by economic data, Fed interest rate expectations and geopolitical concerns. Investors are closely monitoring these factors to better understand future gold price movements.
In short, the gold market is currently facing a complex backdrop shaped by economic data, Fed interest rate expectations and geopolitical concerns. Investors are closely monitoring these factors to better understand future gold price movements.
Comment
XAU SELL 2002TP1: 1990
TP2: 1980
SL: 2012
Comment
running 50 pipsComment
running + 90 pipsComment
Hit TP1 120 pipsComment
Hit TP 2 + 220 PIPS
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