XAU / USD trend forecast October 14, 2024
Gold price (XAU/USD) rises for the third consecutive day on Monday, reaching over $2,667, a one-week high in early European trading. Expectations of further Federal Reserve rate cuts due to a favorable inflation outlook drive demand for the non-yielding metal. Additionally, growing geopolitical tensions in the Middle East provide extra support for the safe-haven asset.
Gold price M30 frame shows signs of breaking DOW uptrend - waiting for old peak resistance zone 2685
/// SELL XAU : zone 2683-2686
SL: 2691
TP: 50 - 100 - 300 pips (2656)
Safe and profitable trading
Gold price (XAU/USD) rises for the third consecutive day on Monday, reaching over $2,667, a one-week high in early European trading. Expectations of further Federal Reserve rate cuts due to a favorable inflation outlook drive demand for the non-yielding metal. Additionally, growing geopolitical tensions in the Middle East provide extra support for the safe-haven asset.
Gold price M30 frame shows signs of breaking DOW uptrend - waiting for old peak resistance zone 2685
/// SELL XAU : zone 2683-2686
SL: 2691
TP: 50 - 100 - 300 pips (2656)
Safe and profitable trading
Trade active
US session: bank holiday gold price fell back below 2650 area. Sideways
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💠 Trend analysis: XAU, BTC, Currency,...
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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.