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Scalping ! XAU 28 Nov - sideway downtrend
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XAU / USD trend forecast November 28, 2024! SCALPING
Gold prices (XAU/USD) rebound from an intraday dip near the $2,620 mark, climbing toward the upper end of their daily range as the European session approaches on Thursday. Ongoing worries over US President-elect Donald Trump's proposed tariffs and heightened geopolitical tensions from the escalating Russia-Ukraine conflict remain key drivers of safe-haven demand for the precious metal. Additionally, growing expectations that the Federal Reserve (Fed) will implement another interest rate cut in December provide further support to the non-yielding yellow metal.
Price is mainly sideways below the price zone of 2657, waiting for reaction at the liquidity zone of 2642 to continue the downtrend.
/// SELL XAU : zone 2641-2644
SL: 2647
TP: 40 - 80 - 150 pips (2629)
Safe and profitable trading
Gold prices (XAU/USD) rebound from an intraday dip near the $2,620 mark, climbing toward the upper end of their daily range as the European session approaches on Thursday. Ongoing worries over US President-elect Donald Trump's proposed tariffs and heightened geopolitical tensions from the escalating Russia-Ukraine conflict remain key drivers of safe-haven demand for the precious metal. Additionally, growing expectations that the Federal Reserve (Fed) will implement another interest rate cut in December provide further support to the non-yielding yellow metal.
Price is mainly sideways below the price zone of 2657, waiting for reaction at the liquidity zone of 2642 to continue the downtrend.
/// SELL XAU : zone 2641-2644
SL: 2647
TP: 40 - 80 - 150 pips (2629)
Safe and profitable trading
Giao dịch đang hoạt động
Gold price is maintaining sideway in the 2640-2650 price range
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