SCALPING - XAU - 10 Dec resistance 2677
XAU / USD trend forecast December 10, 2024
Gold price (XAU/USD) holds its positive momentum as the European session begins on Tuesday, trading near the two-week high reached on Monday. Escalating tensions in the Russia-Ukraine conflict, coupled with political instability in South Korea and France, continue to drive demand for the safe-haven metal. Additionally, renewed gold purchases by China’s central bank after a seven-month hiatus further support the yellow metal’s upward trajectory.
Gold price shows good bullish momentum - correction at nearest resistance zones: 2675, 2688
/// SELL XAU : zone 2676-2679 SCALPING
SL: 2682
TP: 50 - 120 - 200pips (2659)
Safe and profitable trading
Gold price (XAU/USD) holds its positive momentum as the European session begins on Tuesday, trading near the two-week high reached on Monday. Escalating tensions in the Russia-Ukraine conflict, coupled with political instability in South Korea and France, continue to drive demand for the safe-haven metal. Additionally, renewed gold purchases by China’s central bank after a seven-month hiatus further support the yellow metal’s upward trajectory.
Gold price shows good bullish momentum - correction at nearest resistance zones: 2675, 2688
/// SELL XAU : zone 2676-2679 SCALPING
SL: 2682
TP: 50 - 120 - 200pips (2659)
Safe and profitable trading
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