Gold Rebounds - Will Interest Rates Drop Today?
Updated
XAU / USD trend forecast December 18, 2024
Gold price (XAU/USD) finds it challenging to build on Tuesday's rebound from a more than one-week low, fluctuating between slight gains and minor losses as the European session approaches on Wednesday. Market participants appear cautious, holding off on making significant moves ahead of the critical FOMC policy announcement later in the day. Meanwhile, anticipation of a less dovish stance from the Federal Reserve (Fed) supports higher US Treasury bond yields and the US Dollar (USD), limiting the upside for the non-yielding precious metal.
Gold price sideways short range 2640-2655 in Asian, European sessions, waiting for US session and interest rate data in US session
/// SELL XAU : zone 2673-2676 scalping
SL: 2679
TP: 50 - 100 - 150pips (2661)
Safe and profitable trading
Gold price (XAU/USD) finds it challenging to build on Tuesday's rebound from a more than one-week low, fluctuating between slight gains and minor losses as the European session approaches on Wednesday. Market participants appear cautious, holding off on making significant moves ahead of the critical FOMC policy announcement later in the day. Meanwhile, anticipation of a less dovish stance from the Federal Reserve (Fed) supports higher US Treasury bond yields and the US Dollar (USD), limiting the upside for the non-yielding precious metal.
Gold price sideways short range 2640-2655 in Asian, European sessions, waiting for US session and interest rate data in US session
/// SELL XAU : zone 2673-2676 scalping
SL: 2679
TP: 50 - 100 - 150pips (2661)
Safe and profitable trading
Trade active
Market drops below 2640, ahead of today's interest rate data
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