XAU ! 10/17 waiting for new ATH 2712
XAU / USD trend forecast October 17, 2024
Gold price (XAU/USD) continued its upward trend and retested its all-time high on Wednesday, driven by expectations of rate cuts from major central banks. Markets have fully priced in a 25 basis points cut by the US Federal Reserve in November. Additionally, weak inflation data from Europe and the UK has strengthened expectations for more aggressive rate cuts by the ECB and BoE. This resulted in lower yields, supporting the non-yielding gold.
Strong uptrend - H2 frame forms DOW theory for next new ATH opportunity: 2712
/// SELL XAU : zone 2712-2715
SL: 2720
TP: 50 - 100 - 300 pips (2685)
Safe and profitable trading
Gold price (XAU/USD) continued its upward trend and retested its all-time high on Wednesday, driven by expectations of rate cuts from major central banks. Markets have fully priced in a 25 basis points cut by the US Federal Reserve in November. Additionally, weak inflation data from Europe and the UK has strengthened expectations for more aggressive rate cuts by the ECB and BoE. This resulted in lower yields, supporting the non-yielding gold.
Strong uptrend - H2 frame forms DOW theory for next new ATH opportunity: 2712
/// SELL XAU : zone 2712-2715
SL: 2720
TP: 50 - 100 - 300 pips (2685)
Safe and profitable trading
Transaction en cours
Gold prices maintain an uptrend - above the 2670 markOrdre annulé
Touch new ATH and correct downward around 2680 areaTransaction en cours
DOW theory, break 2685 exact trendTrade fermée: cible de profit atteinte
The price range 2670-2690 is the trading range today before the US sessionTransaction en cours
Overwhelming trend - approaching the 2700 price zone. Exact trendTrade fermée: cible de profit atteinte
Gold price moves to reach exact target 2712, congratulations for following MOON forex academy
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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.