Market Sentiment: Market sentiment and risk appetite also play a crucial role in XAU/USD trading. In times of risk aversion, investors flock to gold, pushing its price higher. Conversely, in risk-on environments, the USD may strengthen, leading to lower gold prices. Strategies for Trading XAU/USD Technical Analysis: Traders often use technical analysis to identify key support and resistance levels, trend patterns, and technical indicators (e.g., moving averages, RSI) to make informed trading decisions. Fundamental Analysis: Keep an eye on economic calendars to stay informed about important economic events, central bank announcements, and geopolitical developments that can impact the XAU/USD pair. https://www.vantagemarkets.com/markets/gold-trading/

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