XAU / USD trend forecast December 11, 2024
Gold advanced during the North American session on Tuesday, with buyers setting their sights on the $2,700 level for the first time since November 25. The anticipation of a Federal Reserve (Fed) rate cut at the December meeting has been a key factor behind the yellow metal’s upward movement. At the time of writing, XAU/USD is trading at $2,694, reflecting a 1.32% increase.
Earlier in the day, US economic data showed growing optimism among small businesses, as highlighted by a survey from the National Federation of Independent Business. However, traders remain focused on the upcoming release of US inflation data, with consumer figures due on Wednesday and producer numbers on Thursday.
Gold price continues to increase, recovering to the psychological price zone of 2700. Continue to wait for higher resistance at 2708; 2722
/// SELL XAU : zone 2720-2723
SL: 2728
TP: 50 - 150 - 300pips (2693)
Safe and profitable trading
Gold advanced during the North American session on Tuesday, with buyers setting their sights on the $2,700 level for the first time since November 25. The anticipation of a Federal Reserve (Fed) rate cut at the December meeting has been a key factor behind the yellow metal’s upward movement. At the time of writing, XAU/USD is trading at $2,694, reflecting a 1.32% increase.
Earlier in the day, US economic data showed growing optimism among small businesses, as highlighted by a survey from the National Federation of Independent Business. However, traders remain focused on the upcoming release of US inflation data, with consumer figures due on Wednesday and producer numbers on Thursday.
Gold price continues to increase, recovering to the psychological price zone of 2700. Continue to wait for higher resistance at 2708; 2722
/// SELL XAU : zone 2720-2723
SL: 2728
TP: 50 - 150 - 300pips (2693)
Safe and profitable trading
Trade active
Gold price is sideways around 2690-2700, waiting for the US session and CPI newsTrade closed: target reached
+ 230 pips , profit signal PLAN DAY SELL 2720-2723 , NICE 
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💠 Update the fastest news
💠 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.