XAU - 3 December continue sideway under 2650
מעודכן
XAU / USD trend forecast December 03, 2024! SCALPING
Gold prices (XAU/USD) struggle to build on their modest intraday rise toward the $2,650 level and flatten out during the early European session on Tuesday. Market participants appear cautious, opting to wait for clearer signals regarding the Federal Reserve's (Fed) intentions on future rate cuts before committing to a decisive move. Attention now shifts to this week's critical US economic data, including the highly anticipated Nonfarm Payrolls (NFP) report on Friday. Additionally, remarks from Federal Reserve Chair Jerome Powell will be closely monitored for insights into the US interest rate trajectory. These factors are expected to influence demand for the US Dollar (USD) and could significantly impact the performance of the non-yielding gold.
DOW formation - long term DOWN trend
The market is waiting for NF news this week to clarify the trend and trading momentum, mainly sideways in the price range of 2630 - 2660
/// BUY XAU : zone 2633-2630 scalping
SL: 2627
TP: 40 - 80 - 150 pips (2645)
Safe and profitable trading
Gold prices (XAU/USD) struggle to build on their modest intraday rise toward the $2,650 level and flatten out during the early European session on Tuesday. Market participants appear cautious, opting to wait for clearer signals regarding the Federal Reserve's (Fed) intentions on future rate cuts before committing to a decisive move. Attention now shifts to this week's critical US economic data, including the highly anticipated Nonfarm Payrolls (NFP) report on Friday. Additionally, remarks from Federal Reserve Chair Jerome Powell will be closely monitored for insights into the US interest rate trajectory. These factors are expected to influence demand for the US Dollar (USD) and could significantly impact the performance of the non-yielding gold.
DOW formation - long term DOWN trend
The market is waiting for NF news this week to clarify the trend and trading momentum, mainly sideways in the price range of 2630 - 2660
/// BUY XAU : zone 2633-2630 scalping
SL: 2627
TP: 40 - 80 - 150 pips (2645)
Safe and profitable trading
עסקה פעילה
Gold price recovered to surpass 2650 during the US session. 
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