XAU trading strategy December 11, 2023

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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.
Not
XAU SELL 2002

TP1: 1990

TP2: 1980

SL: 2012
Not
running 50 pips
Not
running + 90 pips
Not
Hit TP1 120 pips
Not
Hit TP 2 + 220 PIPS
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