XAU / USD trend forecast December 06, 2024! SCALPING
Gold price (XAU/USD) bounced back from an earlier one-and-a-half-week low on Friday, maintaining modest recovery gains near the $2,640 mark as the European session approached. The US Dollar (USD) remains weak, hovering near a multi-week low due to the recent drop in US Treasury bond yields. Additionally, expectations that the Federal Reserve (Fed) will cut interest rates later this month, combined with a slight decline in global risk appetite, provide crucial support for the safe-haven metal.
Gold price will continue sideways in European session below 2655, decline will still await in the near future
/// BUY XAU : zone 2634-2631 scalping
SL: 2628
TP: 40 - 80 - 150 pips (2646)
Safe and profitable trading
Gold price (XAU/USD) bounced back from an earlier one-and-a-half-week low on Friday, maintaining modest recovery gains near the $2,640 mark as the European session approached. The US Dollar (USD) remains weak, hovering near a multi-week low due to the recent drop in US Treasury bond yields. Additionally, expectations that the Federal Reserve (Fed) will cut interest rates later this month, combined with a slight decline in global risk appetite, provide crucial support for the safe-haven metal.
Gold price will continue sideways in European session below 2655, decline will still await in the near future
/// BUY XAU : zone 2634-2631 scalping
SL: 2628
TP: 40 - 80 - 150 pips (2646)
Safe and profitable trading
Trade active
Sideway gold price range is 2630-2640Trade closed: target reached
+ 100 pips , BUY scalping signal 2634-2631. After news NF 
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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.