XAU / USD trend forecast October 4, 2024
Gold price (XAU/USD) continues trading within a narrow range, as traders await a new catalyst to determine the next directional move. Attention is focused on the upcoming US Nonfarm Payrolls (NFP) report, set to be released later on Friday. The data could shape expectations about the pace of the Federal Reserve's rate cuts, impacting US Dollar demand and influencing gold prices.
NF and war tensions are the main drivers for gold prices to continue to rise - creating new ATH
/// SELL XAU : zone 2698-2700
SL: 2706
TP: 50 - 100 - 200 pips (2680)
Safe and profitable trading
Gold price (XAU/USD) continues trading within a narrow range, as traders await a new catalyst to determine the next directional move. Attention is focused on the upcoming US Nonfarm Payrolls (NFP) report, set to be released later on Friday. The data could shape expectations about the pace of the Federal Reserve's rate cuts, impacting US Dollar demand and influencing gold prices.
NF and war tensions are the main drivers for gold prices to continue to rise - creating new ATH
/// SELL XAU : zone 2698-2700
SL: 2706
TP: 50 - 100 - 200 pips (2680)
Safe and profitable trading
Trade active
Gold price continues to sideways in the 2660 price range - waiting for today's NF is extremely importantTrade active
Gold price decreased around below 2660 areaTrade active
NF good for dollar - gold price down 2635 . Border jams still increased sharply to the 2650 areaTrade active
Gold price shows large sideways range: 2635 -2670
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💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
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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.