XAU ! 11/20 ! Gold sideways, holding above 2600
XAU / USD trend forecast November 20, 2024
Gold prices (XAU/USD) continue their intraday retreat from the $2,642 level, a one-and-a-half-week high reached earlier on Wednesday, dropping to a new daily low during the early European session. The US Dollar (USD) gains support from dip-buying, fueled by a notable rise in US Treasury yields amid expectations of a more cautious approach to policy easing by the Federal Reserve (Fed). This shift in sentiment diverts investment flows away from the non-yielding yellow metal.
Gold price recovered, still maintaining above 2600, sideways price range 2600-2645
/// SELL XAU : zone 2629-2632
SL: 2637
TP: 50 - 100 - 300pips (2602)
Safe and profitable trading
Gold prices (XAU/USD) continue their intraday retreat from the $2,642 level, a one-and-a-half-week high reached earlier on Wednesday, dropping to a new daily low during the early European session. The US Dollar (USD) gains support from dip-buying, fueled by a notable rise in US Treasury yields amid expectations of a more cautious approach to policy easing by the Federal Reserve (Fed). This shift in sentiment diverts investment flows away from the non-yielding yellow metal.
Gold price recovered, still maintaining above 2600, sideways price range 2600-2645
/// SELL XAU : zone 2629-2632
SL: 2637
TP: 50 - 100 - 300pips (2602)
Safe and profitable trading
Trade active
Gold price increased, trading above 2640, US sessionTrade closed: target reached
Gold price increased sharply above the 2650 area
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💠 Trend analysis: XAU, BTC, Currency,...
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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.