Rate Cuts Are a Key Catalyst for the XAU Market

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XAU could be at risk as the market overestimates a 50 basis point Fed rate cut, which could turn investors away from gold. The odds of a 25 basis point Fed rate cut are now down to 59% from over 70% last week.

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SELL XAU 2581
TP1: 2575
TP2: 2569

SL: 2589

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Hit TP 1

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Running + 150 pips