XAUUSD
Gold prices were under pressure yesterday as the PMI news was released, which was good for the dollar and Treasury yields rose. However, gold prices were supported by the forecast of a December Fed rate cut and geopolitical tensions in Syria and Russia-Ukraine, creating a push into safe havens.
Gold prices are currently moving sideways in a large range between 2633 - 2666, the nearest resistance is still at 2660 - 2665, and there is no clear trend for gold at the moment. If this Sideway zone is broken, Gold may find the nearest resistance at 2683-2688. Consider using the support at 2620 - 2625 to catch up with the uptrend of Gold.
‼️XAUUSD BUYZONE 2624 - 2626
SL 2621
TP 2628 - 2630 - open
‼️XAUUSD SELLZONE 2661 - 2663
SL 2666
TP 2659 - 2655 - 2650
Gold prices are currently moving sideways in a large range between 2633 - 2666, the nearest resistance is still at 2660 - 2665, and there is no clear trend for gold at the moment. If this Sideway zone is broken, Gold may find the nearest resistance at 2683-2688. Consider using the support at 2620 - 2625 to catch up with the uptrend of Gold.
‼️XAUUSD BUYZONE 2624 - 2626
SL 2621
TP 2628 - 2630 - open
‼️XAUUSD SELLZONE 2661 - 2663
SL 2666
TP 2659 - 2655 - 2650
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