Mainly sideways - moving below 2700 zone ! XAU
XAU / USD trend forecast November 27, 2024
Gold prices remain steady at approximately $2,625 for the second consecutive day, despite US President Donald Trump threatening tariffs on three major trading partners through a social media post. Typically, geopolitical uncertainties would support a rise in gold prices, but easing tensions in the Middle East have dampened the metal's appeal.
XAU/USD is trading at $2,625, showing little change. Meanwhile, the latest Federal Open Market Committee (FOMC) minutes suggest that the Federal Reserve may pause rate cuts and maintain restrictive levels if inflation continues to run high.
Gold price is mainly sideways and accumulating below 2700, strong competition between buyers and sellers
/// SELL XAU : zone 2662-2665
SL: 2670
TP: 50 - 150 - 300pips (2635)
Safe and profitable trading
Gold prices remain steady at approximately $2,625 for the second consecutive day, despite US President Donald Trump threatening tariffs on three major trading partners through a social media post. Typically, geopolitical uncertainties would support a rise in gold prices, but easing tensions in the Middle East have dampened the metal's appeal.
XAU/USD is trading at $2,625, showing little change. Meanwhile, the latest Federal Open Market Committee (FOMC) minutes suggest that the Federal Reserve may pause rate cuts and maintain restrictive levels if inflation continues to run high.
Gold price is mainly sideways and accumulating below 2700, strong competition between buyers and sellers
/// SELL XAU : zone 2662-2665
SL: 2670
TP: 50 - 150 - 300pips (2635)
Safe and profitable trading
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