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XAU ! 11/20 ! Gold sideways, holding above 2600

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XAU / USD trend forecast November 20, 2024

Gold prices (XAU/USD) continue their intraday retreat from the $2,642 level, a one-and-a-half-week high reached earlier on Wednesday, dropping to a new daily low during the early European session. The US Dollar (USD) gains support from dip-buying, fueled by a notable rise in US Treasury yields amid expectations of a more cautious approach to policy easing by the Federal Reserve (Fed). This shift in sentiment diverts investment flows away from the non-yielding yellow metal.

Gold price recovered, still maintaining above 2600, sideways price range 2600-2645

/// SELL XAU : zone 2629-2632

SL: 2637

TP: 50 - 100 - 300pips (2602)



Safe and profitable trading
İşlem aktif
Gold price increased, trading above 2640, US session
İşlem kapandı: hedefe ulaştı
Gold price increased sharply above the 2650 area

Feragatname

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