Scalping - XAU ! move in trendline - break back to 2600 area
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XAU / USD trend forecast December 04, 2024! SCALPING
A report from the US Bureau of Labor Statistics (BLS) on Tuesday revealed that job openings rose significantly from 7.37 million to 7.74 million in October, according to the JOLTS survey.
The robust labor market data, combined with limited progress toward achieving the 2% inflation target, suggests that the Federal Reserve may consider pausing its rate-cutting cycle next year.
While expectations of a less accommodative Fed lend modest support to US Treasury bond yields, they have done little to energize US Dollar bulls or provide a strong impetus for the currency.
Long term view sees gold price compressing in the price zone around 2640-2650. NF will cause gold price to fluctuate strongly - possibly below 2600
/// SELL XAU : zone 2648-2651 scalping
SL: 2654
TP: 40 - 80 - 150 pips (2636)
Safe and profitable trading
A report from the US Bureau of Labor Statistics (BLS) on Tuesday revealed that job openings rose significantly from 7.37 million to 7.74 million in October, according to the JOLTS survey.
The robust labor market data, combined with limited progress toward achieving the 2% inflation target, suggests that the Federal Reserve may consider pausing its rate-cutting cycle next year.
While expectations of a less accommodative Fed lend modest support to US Treasury bond yields, they have done little to energize US Dollar bulls or provide a strong impetus for the currency.
Long term view sees gold price compressing in the price zone around 2640-2650. NF will cause gold price to fluctuate strongly - possibly below 2600
/// SELL XAU : zone 2648-2651 scalping
SL: 2654
TP: 40 - 80 - 150 pips (2636)
Safe and profitable trading
Trade ist aktiv
Great SELL zone 2648-2650, + 120 pips profit SELL Trade geschlossen: Ziel wurde erreicht
The sideway price range of 2650 is still maintained, waiting for NF this Friday
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