XAU! 11/6! Gold price down - soon to $2700

٦ نوفمبر ٢٠٢٤

XAU / USD trend forecast November 6, 2024

Gold price (XAU/USD) struggles to build on Tuesday's rebound from the $2,725-2,724 region, hovering between small gains and losses in Wednesday's Asian session. Rising demand for the US Dollar, fueled by exit polls showing Donald Trump leading in key swing states, poses a challenge for gold. Additionally, a strong rise in US Treasury yields and a risk-on market mood put further pressure on the non-yielding metal. However, expectations of heightened volatility around the US election results prevent traders from taking strong bearish positions, which should help contain any significant downside for gold.

After clearing the liquidity of the 2748-2750 price range, the gold price is still moving in the 2730-2745 price range. The election results will create a positive and optimistic financial market. The gold price cools down - drops to 2700

/// SELL XAU : zone 2742-2745

SL: 2750

TP: 50 - 150 - 300 pips (2715)


Safe and profitable trading

٦ نوفمبر ٢٠٢٤

تم فتح الصفقة

+ 30 pips , amazing signal sell 2742-2745

٦ نوفمبر ٢٠٢٤

تم حذف الأمر

50 pips profit sell 2742-2745, amazing

٦ نوفمبر ٢٠٢٤

تم فتح الصفقة

Full 300 pips - signal sell 2742-2745, crazy

٦ نوفمبر ٢٠٢٤

تم حذف الأمر

Gold price recovered and retested the 2730-2735 range, continuing to follow the downtrend

٦ نوفمبر ٢٠٢٤

ملاحظة

Exactly Downtrend