11/12 ! XAU ! Bears determined to continue to lower prices

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XAU / USD trend forecast November 12, 2024

Gold dropped over 2.5% on Monday as the US Dollar surged to a four-month high. Speculation that a second Trump term might reignite trade tensions is supporting the USD's strength. XAU/USD is now trading at $2,611 after hitting a daily high of $2,686. This decline follows gold's worst weekly performance in more than five months after the election, with the US Dollar Index (DXY) up 0.6% to 105.57.

Gold prices continued to decline on Monday - returning to the 2610 zone. The 2606 support zone could help gold recover and stay above 2600 in the short term.

/// SELL XAU : zone 2654-2657

SL: 2662

TP: 50 - 150 - 300 pips (2627)


Safe and profitable trading

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تم فتح الصفقة

Gold price decreased - sideway around 2690-2700. Wait for the US session to participate in the transaction

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أغلقت الصفقة: تم الوصول للهدف

Gold price sideway around 2600 - waiting for CPI this week