SIDEWAY gold accumulates below 2626 at the end of the week
XAU / USD trend forecast December 20, 2024
Gold prices (XAU/USD) hold steady during the first half of the European session on Friday, supported by the prevailing risk-averse sentiment. Heightened geopolitical tensions and ongoing trade war fears, combined with the looming threat of a potential US government shutdown, prompt investors to seek refuge in the yellow metal. This flight to safety globally results in a slight decline in US Treasury bond yields, which limits the recent surge of the US Dollar (USD) to a two-year high and provides further backing for the commodity.
After forming a long-term bearish structure, along with economic news that does not support XAU, gold is sideways and accumulating below 2626.
/// SELL XAU : zone 2625-2628
SL: 2633
TP: 50 - 150 - 300pips (2598)
Safe and profitable trading
Gold prices (XAU/USD) hold steady during the first half of the European session on Friday, supported by the prevailing risk-averse sentiment. Heightened geopolitical tensions and ongoing trade war fears, combined with the looming threat of a potential US government shutdown, prompt investors to seek refuge in the yellow metal. This flight to safety globally results in a slight decline in US Treasury bond yields, which limits the recent surge of the US Dollar (USD) to a two-year high and provides further backing for the commodity.
After forming a long-term bearish structure, along with economic news that does not support XAU, gold is sideways and accumulating below 2626.
/// SELL XAU : zone 2625-2628
SL: 2633
TP: 50 - 150 - 300pips (2598)
Safe and profitable trading
İşlem aktif
Gold price recovered around 2630 - after yesterday's 25 point interest rate cut
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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 "
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.