XAU / USD trend forecast October 3, 2024
Gold price (XAU/USD) remains under pressure during Thursday's Asian session due to a stronger US Dollar, supported by reduced expectations of aggressive Fed rate cuts. Wednesday's positive US ADP report highlighted labor market stability, causing investors to further lower their bets on a large rate cut in November. As a result, the USD Index (DXY) reached a three-week high, weakening demand for gold.
Gold price moves in large range - touches H2 downtrend trendline
Upward view based on world war tension in the middle east
/// BUY XAU : zone 2641-2644
SL: 2636
TP: 50 - 100 - 300 pips (2671)
Safe and profitable trading
Gold price (XAU/USD) remains under pressure during Thursday's Asian session due to a stronger US Dollar, supported by reduced expectations of aggressive Fed rate cuts. Wednesday's positive US ADP report highlighted labor market stability, causing investors to further lower their bets on a large rate cut in November. As a result, the USD Index (DXY) reached a three-week high, weakening demand for gold.
Gold price moves in large range - touches H2 downtrend trendline
Upward view based on world war tension in the middle east
/// BUY XAU : zone 2641-2644
SL: 2636
TP: 50 - 100 - 300 pips (2671)
Safe and profitable trading
Trade active
Gold price decreased slightly in the Asian session - Thursday around the 2650 areaTrade active
+ 45 pips , PLAN DAY BUY 2641-2644Trade active
Profit signal PLAN DAY buy 2641-2644 has 70 pips Trade active
+ 85 pipss, plan 10/3/2024 buy 2641-2644Trade active
+ 130 pips , PLAN DAY BUY 2641-2644
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.