Gold briefly slipped back below $2,630 on Monday (September 30) as traders took profits after rising nearly 1.4% to record highs last week.
Gold traders have been chasing the wave set off after a major change in the United States, where the Federal Reserve's decision to cut interest rates by a "substantial" 0.50% at its September meeting lowered the opportunity cost of holding gold.
Spot gold (September 30) is trading at $2,633.60 / ounce, down 0.92% on the day.
Operation suggestion: The gold daily line reached the highest position of 2666 after the market fell, the daily line to the lowest position of 2624.3 after the market, the final line in the 2634.5 position after the market with an equal length of the bardo line, and after the end of this form, the daily line has continued to adjust the demand, the point on.
Trading strategy: short near 2647, stop loss 2654, target 2624-2607.
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