XAu trendline H1 - downtrend, retest 2624
XAU / USD trend forecast December 19, 2024
The price of gold (XAU/USD) pares some of its intraday recovery gains, maintaining a position just above the $2,600 level, while still posting a rise of over 0.40% for the day as the European session approaches on Thursday. The Federal Reserve's (Fed) hawkish stance presented on Wednesday supports a continued increase in US Treasury bond yields to reach multi-month highs. This development bolsters the US Dollar (USD), keeping it near a two-year peak and presenting a significant challenge for the non-interest-bearing yellow metal.
At the same time, the Fed's indication of a slower pace of interest rate reductions, coupled with ongoing geopolitical tensions and trade war concerns, reduces investors' willingness to engage with higher-risk assets. This dynamic may sustain safe-haven demand for gold, helping the XAU/USD retain its modest recovery. Even so, it would be wise to wait for robust follow-through buying to confirm that the recent steep decline from a one-month high has truly stabilized.
Gold continues to maintain its year-end downtrend, breaking below 2600 and is having a short recovery above 2610.
/// SELL XAU : zone 2622-2625
SL: 2630
TP: 50 - 150 - 300pips (2595)
Safe and profitable trading
The price of gold (XAU/USD) pares some of its intraday recovery gains, maintaining a position just above the $2,600 level, while still posting a rise of over 0.40% for the day as the European session approaches on Thursday. The Federal Reserve's (Fed) hawkish stance presented on Wednesday supports a continued increase in US Treasury bond yields to reach multi-month highs. This development bolsters the US Dollar (USD), keeping it near a two-year peak and presenting a significant challenge for the non-interest-bearing yellow metal.
At the same time, the Fed's indication of a slower pace of interest rate reductions, coupled with ongoing geopolitical tensions and trade war concerns, reduces investors' willingness to engage with higher-risk assets. This dynamic may sustain safe-haven demand for gold, helping the XAU/USD retain its modest recovery. Even so, it would be wise to wait for robust follow-through buying to confirm that the recent steep decline from a one-month high has truly stabilized.
Gold continues to maintain its year-end downtrend, breaking below 2600 and is having a short recovery above 2610.
/// SELL XAU : zone 2622-2625
SL: 2630
TP: 50 - 150 - 300pips (2595)
Safe and profitable trading
Transaction en cours
+ 95 pips , amazing signal SELL 2622-2625 Trade fermée: cible de profit atteinte
+ 390 pips , big profit signal SELL 2622-2625 , crazy signal 
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💠 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.