Gold recovers - 2688 price zone is important resistance

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XAU / USD trend forecast December 10, 2024

Gold price (XAU/USD) edges higher during the early European session on Monday, supported by its safe-haven appeal amid rising uncertainty in the Middle East following the collapse of Bashar al-Assad's regime in Syria.

Additionally, the People's Bank of China (PBoC) revealed over the weekend that it resumed gold purchases in November after a six-month hiatus, further bolstering demand for the precious metal.

Gold recovered thanks to external news: China and the US are the two countries that directly impacted the positive when gold increased yesterday. The large sideways resistance price zone to pay attention to is 2688.

/// SELL XAU : zone 2687-2690

SL: 2695

TP: 50 - 150 - 300pips (2660)


Safe and profitable trading

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تم فتح الصفقة

Gold prices have not changed much in the European Tuesday session, trading in the 2660-2670 range.

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أغلقت الصفقة: تم الوصول للهدف

Exactly increasing trend - Gold price is increasing to 2687