XAU ! price increase ATH 2691 ! 9/26
Updated
XAU / USD trend forecast September 26, 2024
The US Dollar is struggling to maintain Wednesday's recovery gains due to expectations of a dovish Federal Reserve, which supports Gold prices. Despite efforts from Fed officials to downplay the chances of aggressive easing, markets are still expecting a 50 basis point rate cut in November. Fed Chair Jerome Powell’s speech on Thursday will be closely watched for signals on future rate cuts and the direction of XAU/USD. Key US data, including Q2 GDP, Weekly Jobless Claims, and Durable Goods Orders, along with speeches from other FOMC members, could also impact the outlook.
Based on M30, break resistance 2670 , ATH new
/// BUY XAU : zone 2653-2650
SL: 2645
TP: 50 - 150 - 300 pips (2680)
Safe and profitable trading
The US Dollar is struggling to maintain Wednesday's recovery gains due to expectations of a dovish Federal Reserve, which supports Gold prices. Despite efforts from Fed officials to downplay the chances of aggressive easing, markets are still expecting a 50 basis point rate cut in November. Fed Chair Jerome Powell’s speech on Thursday will be closely watched for signals on future rate cuts and the direction of XAU/USD. Key US data, including Q2 GDP, Weekly Jobless Claims, and Durable Goods Orders, along with speeches from other FOMC members, could also impact the outlook.
Based on M30, break resistance 2670 , ATH new
/// BUY XAU : zone 2653-2650
SL: 2645
TP: 50 - 150 - 300 pips (2680)
Safe and profitable trading
Trade active
Gold price sideway in range 2655-2665 - accumulation for volatilityTrade active
Gold price breaks trend - returns to 2670 area. Sideway this area is waiting to break and create ATHTrade active
Target 2691 is about to be achieved. Price increased to area 2685 . Crazy GRIND
GREAT BUY XAU TODAY
Trade active
What a pity for PLAN DAY 2691. The price touched 2685 and dropped very sharply. The trend is absolutely correctTrade active
Miss PLAN DAY BUY 2653-2650
Miss entry BUY 2653 : 18 pips
Miss 190 pips profit
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