XAU! 11/1 ! Gold price adjustment - NF news

١ نوفمبر ٢٠٢٤

XAU / USD trend forecast November1, 2024

Gold price (XAU/USD) regains some ground on Friday, supported by US election uncertainties and Middle East tensions, which boost demand for the safe-haven asset. However, rising US Treasury yields and a stronger US Dollar may limit gains. Traders now await the US October employment report, with key data on Nonfarm Payrolls, Unemployment Rate, and Average Hourly Earnings. A strong report could reduce expectations for Fed rate cuts, potentially weighing on gold.

Gold price adjusted down - market reduced FOMO. Waiting for NF news to officially return to the price range of 2700 - 2720


/// SELL XAU : zone 2769-2772

SL: 2777

TP: 50 - 200 - 300 pips (2742)

Safe and profitable trading

١ نوفمبر ٢٠٢٤

تم فتح الصفقة

Gold price is sideways around 2745-2755 during the European session, waiting for NF

١ نوفمبر ٢٠٢٤

تم حذف الأمر

NF data could determine the trend for gold - correction back to 2700 area