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
Trade active
Gold price recovered above 2640 - still a cumulative sideway price zoneTrade closed: target reached
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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 "
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.