XAU | USD - Scalping DOWN TREND
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XAU / USD trend forecast December 02, 2024! SCALPING
The Gold price (XAU/USD) rebounds modestly from the daily low but remains under pressure during the early European session, trading near the $2,630 mark. Anticipation that US President-elect Donald Trump's proposed tariffs might stoke inflation and restrict the Federal Reserve's (Fed) ability to implement further rate cuts has driven US Treasury bond yields higher. This, in turn, acts as a significant factor diverting investor interest away from the non-yielding precious metal.
DOW formation - long term DOWN trend
/// SELL XAU : zone 2634-2637 scalping
SL: 2640
TP: 40 - 80 - 150 pips (2622)
Safe and profitable trading
The Gold price (XAU/USD) rebounds modestly from the daily low but remains under pressure during the early European session, trading near the $2,630 mark. Anticipation that US President-elect Donald Trump's proposed tariffs might stoke inflation and restrict the Federal Reserve's (Fed) ability to implement further rate cuts has driven US Treasury bond yields higher. This, in turn, acts as a significant factor diverting investor interest away from the non-yielding precious metal.
DOW formation - long term DOWN trend
/// SELL XAU : zone 2634-2637 scalping
SL: 2640
TP: 40 - 80 - 150 pips (2622)
Safe and profitable trading
Transaction en cours
Gold price recovers - continues to sideways in the price range below 2688. Disputed price range waiting for NF data this week
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