XAU / USD trend forecast November 29, 2024
Gold prices hovered near $2,630 on Thursday in a subdued trading session, with US markets closed for Thanksgiving. Geopolitical developments remained a key factor influencing the price of the non-yielding metal, which has seen declines over the past three trading days. XAU/USD is currently trading at $2,637, showing little movement.
Market sentiment improved on Thursday, partly supported by a 60-day ceasefire agreement between Israel and Lebanon. However, the ongoing escalation in the Russia-Ukraine conflict is likely to keep gold prices well-supported above the $2,600 mark.
The recovery of the H1 trendline, resistance 2657-2660 will react. Continuing sideways in the price range 2600 - 2700 will stabilize the market more.
/// SELL XAU : zone 2671-2674
SL: 2679
TP: 50 - 150 - 300pips (2644)
Safe and profitable trading
Gold prices hovered near $2,630 on Thursday in a subdued trading session, with US markets closed for Thanksgiving. Geopolitical developments remained a key factor influencing the price of the non-yielding metal, which has seen declines over the past three trading days. XAU/USD is currently trading at $2,637, showing little movement.
Market sentiment improved on Thursday, partly supported by a 60-day ceasefire agreement between Israel and Lebanon. However, the ongoing escalation in the Russia-Ukraine conflict is likely to keep gold prices well-supported above the $2,600 mark.
The recovery of the H1 trendline, resistance 2657-2660 will react. Continuing sideways in the price range 2600 - 2700 will stabilize the market more.
/// SELL XAU : zone 2671-2674
SL: 2679
TP: 50 - 150 - 300pips (2644)
Safe and profitable trading
Trade active
Sideway gold price below 2660, bank holiday US sessionTrade closed: target reached
Gold price trades below $2700, still following a Downtrend
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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.