Gold Poised to Face Correction. Forecast as of 03.09.2024

Gold bulls are waiting for a reason to lock in profits on their long positions. They see a strong US dollar and seasonal influences on the gold price as a potential reversal factor. However, another event will trigger a sell-off in the XAUUSD. Let's discuss this topic and make a trading plan.Highlights and key points Gold has reached several all-time highs in 2024. The precious metal averaged a 3.2% slip in September 2017-2023. The labor market may trigger a correction in the XAUUSD. A bounce fr