Gold is likely to continue to increase strongly today

Gold price (XAU/USD) began to increase in price in the US session on May 9, rising to nearly 2,350 USD, after a number of major central banks decided to cut interest rates or signaled the possibility of strong cuts. more in the future. In addition, geopolitical risks along with increased demand from Asian central banks and investors also create momentum for gold. This morning, May 10, world gold continued to increase slightly, currently trading above 2,350 USD. Perhaps this unexpected increase is part of the reason why the domestic gold price reached a new historic peak.

The SPDR Gold Shares fund has had no new structural activity for 2 consecutive days, holdings remained unchanged at 830.47 tons.

Trade active:

🔝 XAUUSD SELL 2353 - 2355 🪙🪙🪙

✔️ TP 2345
✔️ TP2 2340

❌ SL 2360

🔝 XAUUSD BUY 2339 - 2341 🪙🪙🪙

✔️ TP : 2350
✔️ TP1 : 2360

❌ SL 2330