Gold bulls are waiting for a reason to lock in profits on their long positions. They see a strong US dollar and seasonal influences on the gold price as a potential reversal factor. However, another event will trigger a sell-off in the XAUUSD. Let’s discuss this topic and make a trading plan.
Highlights and key points
Gold has reached several all-time highs in 2024.
The precious metal averaged a 3.2% slip in September 2017-2023.
The labor market may trigger a correction in the XAUUSD.
A bounce from support levels of $2,465, $2,430, and $2,400 should be used for buying gold…. Read full author’s opinion and review in blog of #LiteFinance
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