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XAU trading strategy December 11, 2023

OANDA:XAUUSD   Gold Spot / U.S. Dollar
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.
Comment:
XAU SELL 2002

TP1: 1990

TP2: 1980

SL: 2012
Comment:
running 50 pips
Comment:
running + 90 pips
Comment:
Hit TP1 120 pips
Comment:
Hit TP 2 + 220 PIPS

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