XAU ! 10/18 ! Weekend price increase
Updated
XAU / USD trend forecast October 18, 2024
On Thursday, the European Central Bank cut interest rates for the third time this year, the first consecutive cuts in 13 years, and signaled more reductions due to the worsening economic outlook. The Federal Reserve is also expected to lower rates again after a significant cut in September, while weak UK inflation data has strengthened expectations for more aggressive easing by the Bank of England.
price increase to create new ATH - continue to wait for new ATH at the end of the week. FOMO is huge
/// SELL XAU : zone 2723-2726
SL: 2731
TP: 50 - 100 - 300 pips (2696)
Safe and profitable trading
On Thursday, the European Central Bank cut interest rates for the third time this year, the first consecutive cuts in 13 years, and signaled more reductions due to the worsening economic outlook. The Federal Reserve is also expected to lower rates again after a significant cut in September, while weak UK inflation data has strengthened expectations for more aggressive easing by the Bank of England.
price increase to create new ATH - continue to wait for new ATH at the end of the week. FOMO is huge
/// SELL XAU : zone 2723-2726
SL: 2731
TP: 50 - 100 - 300 pips (2696)
Safe and profitable trading
Trade active
Gold price corrected when it touched 2714 in the European session - waiting sideways for the US session to continue to increase stronglyOrder cancelled
Gold price sideway around 2710 ahead of US sessionTrade active
Wait for the gold price to increase to reach entry SELL 2623. The rising force still prevailsTrade closed: target reached
Gold price increased to create ATH 2720 - then adjusted down to around 2710
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