XAU / USD trend forecast December 13, 2024
The US Bureau of Labor Statistics announced on Thursday that the headline Producer Price Index (PPI) increased by 0.4% in November, with the annual rate climbing from 2.6% in October to 3% during the same period.
Meanwhile, the core PPI rose by 0.2% in November on a monthly basis and stood at 3.4% year-over-year, surpassing expectations. This suggests that efforts to bring inflation down to the 2% target have encountered a pause in progress.
Scalping before US session - M15 trendline, sideway price zone 2676 - 2700
/// BUY XAU : zone 2680-2677
SL: 2674
TP: 50 - 100 - 150pips (2692)
Safe and profitable trading
The US Bureau of Labor Statistics announced on Thursday that the headline Producer Price Index (PPI) increased by 0.4% in November, with the annual rate climbing from 2.6% in October to 3% during the same period.
Meanwhile, the core PPI rose by 0.2% in November on a monthly basis and stood at 3.4% year-over-year, surpassing expectations. This suggests that efforts to bring inflation down to the 2% target have encountered a pause in progress.
Scalping before US session - M15 trendline, sideway price zone 2676 - 2700
/// BUY XAU : zone 2680-2677
SL: 2674
TP: 50 - 100 - 150pips (2692)
Safe and profitable trading
Trade active
Gold price adjusted down around 2670 before the US session
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💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
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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.