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Choppy Gold Trade – A Potential Breakout Setup

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
The idea is to buy above $1,295 and sell below $1,305, with a stop loss of 30 pips and take profits on 50 pips. Outside this range, we can set the buy stop above $1307 and sell stop of $1,294 to target 50 pips. However, it’s a risky strategy if we get mixed data today.

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