ADP - NF gold reduce to approach price zone 2605
Updated
XAU / USD trend forecast December 4, 2024
Gold prices edged higher on Tuesday during the North American session, with XAU/USD advancing by 0.28% despite a rise in US Treasury yields. The precious metal found support from broad-based weakness in the US Dollar and is currently trading around $2,644.
Gold's upward momentum continued as market participants largely disregarded positive US labor market data from the Department of Labor. Job openings in the United States saw a significant increase, signaling that the labor market remains robust, yet this failed to weigh on the yellow metal's gains.
The price will soon fall below 2600 to wait for President Trump to officially take office, gold will decrease in attraction when the world finance recovers strongly.
/// SELL XAU : zone 2662-2665
SL: 2670
TP: 50 - 150 - 300pips (2635)
Safe and profitable trading
Gold prices edged higher on Tuesday during the North American session, with XAU/USD advancing by 0.28% despite a rise in US Treasury yields. The precious metal found support from broad-based weakness in the US Dollar and is currently trading around $2,644.
Gold's upward momentum continued as market participants largely disregarded positive US labor market data from the Department of Labor. Job openings in the United States saw a significant increase, signaling that the labor market remains robust, yet this failed to weigh on the yellow metal's gains.
The price will soon fall below 2600 to wait for President Trump to officially take office, gold will decrease in attraction when the world finance recovers strongly.
/// SELL XAU : zone 2662-2665
SL: 2670
TP: 50 - 150 - 300pips (2635)
Safe and profitable trading
Trade active
waiting for price movement when ADP-NF is announced, gold price is sideways above 2640 areaTrade closed: target reached
Waiting for the resistance price zone 2662-2665, gold price is recovering after ADP - NF news
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