Short

XAUUSD: Today!

Updated

The price of gold is facing difficulties in maintaining its recent success, with trading hovering around 1,915 per troy ounce during the Asian session on Friday. The precious metal is currently in the process of rebounding from the losses it experienced over the past four weeks, as investors eagerly anticipate a speech by Jerome Powell, Chairman of the US Federal Reserve (Fed), at the Jackson Hole Symposium.

XAUUSD: End of downtrend, a new trend formed!

Note

BUY XAUUSD zone 1904 - 1907

Stoploss: 1900

Take Profit 1: 1915
Take Profit 2: 1920
Take Profit 3: 1925

Note

Running +90pips

Trade closed: stop reached

Close hit TP1 +120pips

Sphyn-Trader

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