XAU / USD trend forecast December 10, 2024
Gold price (XAU/USD) edges higher during the early European session on Monday, supported by its safe-haven appeal amid rising uncertainty in the Middle East following the collapse of Bashar al-Assad's regime in Syria.
Additionally, the People's Bank of China (PBoC) revealed over the weekend that it resumed gold purchases in November after a six-month hiatus, further bolstering demand for the precious metal.
Gold recovered thanks to external news: China and the US are the two countries that directly impacted the positive when gold increased yesterday. The large sideways resistance price zone to pay attention to is 2688.
/// SELL XAU : zone 2687-2690
SL: 2695
TP: 50 - 150 - 300pips (2660)
Safe and profitable trading
Gold price (XAU/USD) edges higher during the early European session on Monday, supported by its safe-haven appeal amid rising uncertainty in the Middle East following the collapse of Bashar al-Assad's regime in Syria.
Additionally, the People's Bank of China (PBoC) revealed over the weekend that it resumed gold purchases in November after a six-month hiatus, further bolstering demand for the precious metal.
Gold recovered thanks to external news: China and the US are the two countries that directly impacted the positive when gold increased yesterday. The large sideways resistance price zone to pay attention to is 2688.
/// SELL XAU : zone 2687-2690
SL: 2695
TP: 50 - 150 - 300pips (2660)
Safe and profitable trading
Trade active
Gold prices have not changed much in the European Tuesday session, trading in the 2660-2670 range.Trade closed: target reached
Exactly increasing trend - Gold price is increasing to 2687
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💠 Trend analysis: XAU, BTC, Currency,...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.