XAU moves narrowly within 2 trendlines

٣ ديسمبر

XAU / USD trend forecast December 3, 2024

Gold prices decline as December begins, pressured by a robust US Dollar, bolstered by Trump’s aggressive remarks targeting BRICS nations and a slight reduction in geopolitical tensions. The XAU/USD pair is currently trading at $2,635, marking a 0.58% drop.

The precious metal's downturn deepened after Trump issued a stern warning to BRICS countries, cautioning that any shift away from the US Dollar could result in 100% tariffs. He further stated, “They should be prepared to say goodbye to accessing the wonderful U.S. economy.”

H2 frame forms 2 trendlines above and below, gold price moves sideways and narrows, breaks and determines the upcoming trend

/// SELL XAU : zone 2640-2643

SL: 2648

TP: 50 - 150 - 300pips (2613)


Safe and profitable trading

٣ ديسمبر

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Gold prices show that buyers dominate today - sideway market

٣ ديسمبر

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The sideway price range - in the accumulation range is getting smaller. The trend will soon break and the trend will be clearer