Scalping GOLD 11 December - SELL resistance 2709
Updated
XAU / USD trend forecast December 11, 2024
The Gold price (XAU/USD) appears to have settled after experiencing notable intraday fluctuations, currently hovering near the $2,690 mark, slightly below the two-week high reached earlier on Wednesday. Anticipations that the Federal Reserve (Fed) will take a cautious approach to rate cuts continue to drive US Treasury bond yields higher. This supports the US Dollar (USD), extending its upward trajectory for the fourth consecutive day and reaching a one-week peak. Consequently, this puts some pressure on gold, though ongoing geopolitical tensions and concerns over trade wars help sustain demand for the safe-haven asset.
Gold price sweeps liquidity to complete price zone 2675, continues uptrend, pay attention to resistance zone SELL 2709
/// SELL XAU : zone 2708-2711 SCALPING
SL: 2714
TP: 50 - 120 - 200pips (2691)
Safe and profitable trading
The Gold price (XAU/USD) appears to have settled after experiencing notable intraday fluctuations, currently hovering near the $2,690 mark, slightly below the two-week high reached earlier on Wednesday. Anticipations that the Federal Reserve (Fed) will take a cautious approach to rate cuts continue to drive US Treasury bond yields higher. This supports the US Dollar (USD), extending its upward trajectory for the fourth consecutive day and reaching a one-week peak. Consequently, this puts some pressure on gold, though ongoing geopolitical tensions and concerns over trade wars help sustain demand for the safe-haven asset.
Gold price sweeps liquidity to complete price zone 2675, continues uptrend, pay attention to resistance zone SELL 2709
/// SELL XAU : zone 2708-2711 SCALPING
SL: 2714
TP: 50 - 120 - 200pips (2691)
Safe and profitable trading
Trade active
+ 25 pips , signal scalping SELL 2708-2711
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