XAU / USD trend forecast December 11, 2024
The Gold price (XAU/USD) appears to have settled after experiencing notable intraday fluctuations, currently hovering near the $2,690 mark, slightly below the two-week high reached earlier on Wednesday. Anticipations that the Federal Reserve (Fed) will take a cautious approach to rate cuts continue to drive US Treasury bond yields higher. This supports the US Dollar (USD), extending its upward trajectory for the fourth consecutive day and reaching a one-week peak. Consequently, this puts some pressure on gold, though ongoing geopolitical tensions and concerns over trade wars help sustain demand for the safe-haven asset.
Gold price sweeps liquidity to complete price zone 2675, continues uptrend, pay attention to resistance zone SELL 2709
/// SELL XAU : zone 2708-2711 SCALPING
SL: 2714
TP: 50 - 120 - 200pips (2691)
Safe and profitable trading
The Gold price (XAU/USD) appears to have settled after experiencing notable intraday fluctuations, currently hovering near the $2,690 mark, slightly below the two-week high reached earlier on Wednesday. Anticipations that the Federal Reserve (Fed) will take a cautious approach to rate cuts continue to drive US Treasury bond yields higher. This supports the US Dollar (USD), extending its upward trajectory for the fourth consecutive day and reaching a one-week peak. Consequently, this puts some pressure on gold, though ongoing geopolitical tensions and concerns over trade wars help sustain demand for the safe-haven asset.
Gold price sweeps liquidity to complete price zone 2675, continues uptrend, pay attention to resistance zone SELL 2709
/// SELL XAU : zone 2708-2711 SCALPING
SL: 2714
TP: 50 - 120 - 200pips (2691)
Safe and profitable trading
Trade active
+ 25 pips , signal scalping SELL 2708-2711
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💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
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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.