XAU ! Nov 18 ! Scalping BUY retest entry BREAK

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XAU / USD trend forecast November 18, 2024! SCALPING

Gold prices saw their steepest weekly drop since September 2023, falling to a two-month low last week as the US Dollar surged to its highest level in over a year.

Over the weekend, geopolitical events spurred safe-haven demand, helping the precious metal regain strong upward momentum during the Asian session as the new week began.

US President Joe Biden approved Ukraine's use of US-supplied long-range missiles for deeper strikes inside Russia, which, in response, has reportedly deployed North Korean troops to bolster its military efforts.

Trendline M30 - price drops to trend BREAK point, then bounces back

/// BUY XAU : zone 2575-2572

SL: 2569

TP: 40 - 80 - 150 pips (2587)


Safe and profitable trading

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تم فتح الصفقة

Gold price growth is estimated to be close to the 2600 price range