XAU / USD trend forecast December 23, 2024
The Federal Reserve's (Fed) hawkish stance continues to support elevated US Treasury yields, helping the US Dollar (USD) gain traction through dip-buying on Monday. This development adds pressure to the non-yielding Gold price, suggesting the need for solid follow-through buying before considering further upside potential. Market participants now turn their attention to the Conference Board's Consumer Confidence Index for fresh direction.
Monday, gold price sideways price range 2618 - 2635, waiting for support zone M30, set up BUY entry
/// BUY XAU : zone 2618-2615 scalping
SL: 2612
TP: 50 - 100 - 150pips (2630)
Safe and profitable trading
The Federal Reserve's (Fed) hawkish stance continues to support elevated US Treasury yields, helping the US Dollar (USD) gain traction through dip-buying on Monday. This development adds pressure to the non-yielding Gold price, suggesting the need for solid follow-through buying before considering further upside potential. Market participants now turn their attention to the Conference Board's Consumer Confidence Index for fresh direction.
Monday, gold price sideways price range 2618 - 2635, waiting for support zone M30, set up BUY entry
/// BUY XAU : zone 2618-2615 scalping
SL: 2612
TP: 50 - 100 - 150pips (2630)
Safe and profitable trading
Trade active
+ 45 pips , great signal scalping Buy 2615-2618 
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.
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.