XAU ! 10/24 ! Adjustment and price decrease
XAU / USD trend forecast October 24, 2024
Gold price (XAU/USD) rises to the $2,736-$2,737 range during the European session, recovering some losses from the previous day’s pullback from a record high. Ongoing Middle East conflicts and uncertainty around the upcoming US Presidential election on November 5 boost demand for the safe-haven asset. Additionally, a slight dip in the US Dollar from its near three-month high and falling US Treasury yields further support gold's upward movement.
Gold price continues to be in the long-term uptrend - however, there needs to be adjustments for the market to stabilize and rebalance. Expected price range 2700 - 2680 in the short term
/// SELL XAU : zone 2740-2743
SL: 2748
TP: 50 - 200 - 300 pips (2713)
Safe and profitable trading
Gold price (XAU/USD) rises to the $2,736-$2,737 range during the European session, recovering some losses from the previous day’s pullback from a record high. Ongoing Middle East conflicts and uncertainty around the upcoming US Presidential election on November 5 boost demand for the safe-haven asset. Additionally, a slight dip in the US Dollar from its near three-month high and falling US Treasury yields further support gold's upward movement.
Gold price continues to be in the long-term uptrend - however, there needs to be adjustments for the market to stabilize and rebalance. Expected price range 2700 - 2680 in the short term
/// SELL XAU : zone 2740-2743
SL: 2748
TP: 50 - 200 - 300 pips (2713)
Safe and profitable trading
Trade active
Gold price returns to resistance at 2740 - waiting for reaction hereOrder cancelled
Gold price increased back to the 2740 area before today's US session, waiting for a downward correctionTrade active
+ 30 pips from entry sell 2740-2743 , amazing Trade closed: stop reached
+ 85 pips from entry SELL 2740-2743 Trade active
180 pips from entry SELL 2740-2743Trade closed: stop reached
+ 215 pips profit sell 2740-2743 Trade active
Gold price adjusted down around 2730-2740. Market hesitation
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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.