XAU down! correction 10/10/2024
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XAU / USD trend forecast October 10, 2024
Gold continued its decline for the sixth straight day after the Federal Reserve (Fed) released its September Meeting Minutes. The Minutes revealed that most FOMC members supported a 50-basis-point cut, though XAU/USD remains near $2,610, down 0.37%.
While some officials preferred a 25 bps cut, all agreed on lowering rates. Most participants saw inflation risks decreasing, while concerns about the labor market increased.
H1 frame shows Gold price correction - amid news of China stopping gold purchases continuing to impact further bullish momentum. Price continues to correct below 2600
/// SELL XAU : zone 2623-2626
SL: 2631
TP: 50 - 100 - 300 pips (2596)
Safe and profitable trading
Gold continued its decline for the sixth straight day after the Federal Reserve (Fed) released its September Meeting Minutes. The Minutes revealed that most FOMC members supported a 50-basis-point cut, though XAU/USD remains near $2,610, down 0.37%.
While some officials preferred a 25 bps cut, all agreed on lowering rates. Most participants saw inflation risks decreasing, while concerns about the labor market increased.
H1 frame shows Gold price correction - amid news of China stopping gold purchases continuing to impact further bullish momentum. Price continues to correct below 2600
/// SELL XAU : zone 2623-2626
SL: 2631
TP: 50 - 100 - 300 pips (2596)
Safe and profitable trading
Giao dịch đang hoạt động
Gold price sideway short price range 2610-2620. Waiting for the European session and CPI newsĐã hủy lệnh
Gold price has short recovery on the area 2610- The target towards 2633 trendline resistance H1Giao dịch đang hoạt động
+ 50 pips , signal SELL PLAN DAY 2623-2626Đóng lệnh: đạt mục tiêu
+ 60 pips from entry SELL PLAN DAY 2623-2626
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