XAU / USD ! 25 Nov ! Gold price adjusted down

XAU / USD trend forecast November 25, 2024

Gold prices (XAU/USD) surge to approximately $2,720 during the early Asian session on Monday, supported by a weakening US Dollar (USD). The USD's sell-off lends support to the USD-denominated Gold price, while escalating geopolitical tensions further bolster demand for safe-haven assets like the yellow metal.

Investors remain focused on developments in the Russia-Ukraine conflict. Last week, Russian President Vladimir Putin lowered the threshold for a nuclear strike in response to an expanded range of conventional attacks, following reports that the US had permitted Ukraine to use American-made weapons for deeper strikes into Russian territory. This situation is likely to sustain safe-haven flows, benefiting Gold prices.

Gold adjusts H2 fibo, downtrend creates more liquidity for the market

/// BUY XAU : zone 2651-2648

SL: 2643

TP: 50 - 150 - 300pips (2678)


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