XAU break trend - downtrend to 2605 area
XAU / USD trend forecast December 2, 2024
Gold price (XAU/USD) dips to approximately $2,645 in the early Asian session on Monday, pressured by a recovering US Dollar. However, ongoing geopolitical tensions may limit further losses for the precious metal.
In November, Gold experienced a 3% decline, marking its steepest monthly drop since September 2023. Donald Trump's victory in the US Presidential election heightened expectations that the Federal Reserve (Fed) would take a more cautious stance on additional rate cuts, strengthening the US Dollar and weighing on the USD-denominated Gold.
H2 frame shows gold price breaking downtrend - will move towards lower price zones 2605
/// BUY XAU : zone 2607-2604
SL: 2599
TP: 50 - 150 - 300pips (2634)
Safe and profitable trading
Gold price (XAU/USD) dips to approximately $2,645 in the early Asian session on Monday, pressured by a recovering US Dollar. However, ongoing geopolitical tensions may limit further losses for the precious metal.
In November, Gold experienced a 3% decline, marking its steepest monthly drop since September 2023. Donald Trump's victory in the US Presidential election heightened expectations that the Federal Reserve (Fed) would take a more cautious stance on additional rate cuts, strengthening the US Dollar and weighing on the USD-denominated Gold.
H2 frame shows gold price breaking downtrend - will move towards lower price zones 2605
/// BUY XAU : zone 2607-2604
SL: 2599
TP: 50 - 150 - 300pips (2634)
Safe and profitable trading
Transaction en cours
Gold price recovered above 2640 - still a cumulative sideway price zoneTrade fermée: cible de profit atteinte
Gold recovery above 2640 - causing the price range 2605-2688 to continue to accumulate
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💠 Trend analysis: XAU, BTC, Currency,...
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💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.