Live News Trade on XAUUSD Core PCE Price Index mm 31-05-24
Trade Overview
I recently executed a live trade on XAUUSD during the release of the Core PCE Price Index m/m, with a bullish bias on gold.
Market Setup
Ahead of the New York session, the London session showed consolidation, suggesting potential volatility. This setup indicated a strong move was likely after the news release.
Trade Execution
Expecting a bullish reaction, I entered a buy position on XAUUSD two minutes before the Core PCE Price Index announcement. My analysis pointed to a price spike upon the news release.
Outcome
As anticipated, gold spiked sharply, hitting my take profit target quickly, confirming the success of my strategy.
#forex #livetrading #gold