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Scalping GOLD - SIDEWAY gold price above 2643 zone
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XAU / USD trend forecast December 16, 2024
A slight decline in US Treasury bond yields keeps the US Dollar (USD) under pressure. Additionally, uncertainty surrounding US President-elect Donald Trump's policies and ongoing geopolitical tensions act as a support for Gold prices, preventing significant losses. Investors may also hold back from making decisive moves ahead of the key FOMC policy decision on Wednesday, which is expected to offer guidance on the future rate-cut trajectory and inject new momentum into the precious metal.
Gold price sideways at the beginning of the week - the sellers are still dominating, waiting for scalping entry at the support price of 2643
/// BUY XAU : zone 2643-2640 scalping
SL: 2637
TP: 50 - 100 - 150pips (2655)
Safe and profitable trading
A slight decline in US Treasury bond yields keeps the US Dollar (USD) under pressure. Additionally, uncertainty surrounding US President-elect Donald Trump's policies and ongoing geopolitical tensions act as a support for Gold prices, preventing significant losses. Investors may also hold back from making decisive moves ahead of the key FOMC policy decision on Wednesday, which is expected to offer guidance on the future rate-cut trajectory and inject new momentum into the precious metal.
Gold price sideways at the beginning of the week - the sellers are still dominating, waiting for scalping entry at the support price of 2643
/// BUY XAU : zone 2643-2640 scalping
SL: 2637
TP: 50 - 100 - 150pips (2655)
Safe and profitable trading
Giao dịch đang hoạt động
Gold price recovered briefly - mainly sideways. Waiting for PMI data
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