10/2 XAU | USD increased by war conflict
Updated
XAU / USD trend forecast October 2, 2024
Iran launched ballistic missiles at Israel on Tuesday in response to Israel's actions against Hezbollah in Lebanon, boosting demand for safe-haven gold. Israeli Prime Minister Benjamin Netanyahu vowed Iran would face consequences, while Iran warned of massive destruction in retaliation, escalating the risk of a wider Middle East conflict. Meanwhile, the US JOLTS report revealed a surprising rise in job openings for August, reaching 8.04 million.
/// BUY XAU : zone 2635-2637
SL: 2629
TP: 50 - 100 - 300 pips (2665)
Safe and profitable trading
Iran launched ballistic missiles at Israel on Tuesday in response to Israel's actions against Hezbollah in Lebanon, boosting demand for safe-haven gold. Israeli Prime Minister Benjamin Netanyahu vowed Iran would face consequences, while Iran warned of massive destruction in retaliation, escalating the risk of a wider Middle East conflict. Meanwhile, the US JOLTS report revealed a surprising rise in job openings for August, reaching 8.04 million.
/// BUY XAU : zone 2635-2637
SL: 2629
TP: 50 - 100 - 300 pips (2665)
Safe and profitable trading
Trade active
Gold price dropped below 2650 area, before the US session, waiting for ADP - NF newsTrade active
Exact trend - gold price increased to 2660 area after ADP - NF news was announcedTrade active
Gold price continues to sideways around the 2630-2670 area - a large fluctuation rangeTrade active
Gold price accumulates in the 2640-2660 price range, waiting for NF to have an upcoming trend in September
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