XAU is up strongly! 2640

Updated
XAU / USD trend forecast September 24, 2024

On Monday, Fed regional presidents noted rising risks in the labor market but opposed a 50 bps rate cut, signaling a cautious approach for future meetings. This slowed the XAU/USD rally. However, escalating tensions between Israel and Hezbollah, with the US sending more troops to the Middle East, could boost Gold prices as risk appetite declines.

Based on M45, NEW ATH to set up SELL signal

/// SELL XAU : zone 2639-2642

SL: 2647

TP: 50 - 150 - 250 pips (2617)



Safe and profitable trading
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+ 105 pips - woww signal SELL PLAN DAY 2639-2642
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+ 150 pips , signal PLAN DAY SELL 2639-2642
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Gold price shows that sellers are trying to push prices down, sideways around 2620-2630
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Gold price decreased before today's CB news - trading around 2625
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Gold price at new ATH - huge buying force at 2655. Fomo during the week is very high
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