XAU / USD trend forecast December 31, 2024
Gold price (XAU/USD) steadies on Monday after recent losses in low-volume trading. Set for a 27% yearly gain, its best since 2010, the rally is fueled by central bank buying, geopolitical tensions, and global monetary easing policies.
The downtrend is clear, pressure to close year-end profits. Gold price is trading around the 2600 price range.
/// SELL XAU : zone 2613-2616
SL: 2621
TP: 50 - 150 - 300pips (2586)
Safe and profitable trading