XAUUSD Downtrend

Intro Gold
Gold price hangs near daily low amid modest USD strength, cautious market mood lends support.

1. Gold price drifts lower for the second straight day amid reduced bets for a larger rate cut by the Fed.
   

1. An uptick in the US bond yields underpins the USD and further contributes to the intraday downfall.
   

1. Worries about an economic downturn in the US and geopolitical tensions should limit further losses.
   

Price Tag


Sell Gold Near $2505-$2509 SL 2513

TP $2496 >>>>>>>>>$2490>>>>>>$2480