XAU / USD trend forecast December 10, 2024
Gold price (XAU/USD) holds its positive momentum as the European session begins on Tuesday, trading near the two-week high reached on Monday. Escalating tensions in the Russia-Ukraine conflict, coupled with political instability in South Korea and France, continue to drive demand for the safe-haven metal. Additionally, renewed gold purchases by China’s central bank after a seven-month hiatus further support the yellow metal’s upward trajectory.
Gold price shows good bullish momentum - correction at nearest resistance zones: 2675, 2688
/// SELL XAU : zone 2676-2679 SCALPING
SL: 2682
TP: 50 - 120 - 200pips (2659)
Safe and profitable trading
Gold price (XAU/USD) holds its positive momentum as the European session begins on Tuesday, trading near the two-week high reached on Monday. Escalating tensions in the Russia-Ukraine conflict, coupled with political instability in South Korea and France, continue to drive demand for the safe-haven metal. Additionally, renewed gold purchases by China’s central bank after a seven-month hiatus further support the yellow metal’s upward trajectory.
Gold price shows good bullish momentum - correction at nearest resistance zones: 2675, 2688
/// SELL XAU : zone 2676-2679 SCALPING
SL: 2682
TP: 50 - 120 - 200pips (2659)
Safe and profitable trading
MOON | Forex Academy hopes to bring the best experience to the Forex community
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💠 Trend analysis: XAU, BTC, Currency,...
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💠 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.