Scalping XAU - short term recovery before NF news

٦ ديسمبر ٢٠٢٤

XAU / USD trend forecast December 06, 2024! SCALPING

Gold price (XAU/USD) bounced back from an earlier one-and-a-half-week low on Friday, maintaining modest recovery gains near the $2,640 mark as the European session approached. The US Dollar (USD) remains weak, hovering near a multi-week low due to the recent drop in US Treasury bond yields. Additionally, expectations that the Federal Reserve (Fed) will cut interest rates later this month, combined with a slight decline in global risk appetite, provide crucial support for the safe-haven metal.

Gold price will continue sideways in European session below 2655, decline will still await in the near future

/// BUY XAU : zone 2634-2631 scalping

SL: 2628

TP: 40 - 80 - 150 pips (2646)


Safe and profitable trading

٦ ديسمبر ٢٠٢٤

تم فتح الصفقة

Sideway gold price range is 2630-2640

٦ ديسمبر ٢٠٢٤

أغلقت الصفقة: تم الوصول للهدف

+ 100 pips , BUY scalping signal 2634-2631. After news NF