XAU! 10/31! FOMO price increase continues $2800

vor 7 Tagen

XAU / USD trend forecast October 31, 2024

Gold prices reached a record $2,790 in the North American session as uncertainty surrounding the US Presidential Election keeps investor demand high. Strong US economic data, reflecting steady growth and a solid jobs market, limited further gains in the metal. XAU/USD currently trades at $2,785, up 0.40%, just below the all-time high after rebounding from a daily low of $2,771. Meanwhile, US Treasury yields dipped as investor optimism grew around the Fed's soft-landing outlook.

The FOMO of the end of 2024 price increase is becoming extreme - gold becomes the top active investment asset right now. We will see the highest ATH in the end of 2024, then cool down and give market share to other types.


/// SELL XAU : zone 2798-2801

SL: 2806

TP: 50 - 200 - 300 pips (2771)

Safe and profitable trading

vor 7 Tagen

Trade ist aktiv

Gold price sideways around the 2780-2790 price range during the Asian Thursday session

vor 6 Tagen

Order storniert

Gold price (XAU/USD) maintains its offered tone through the early European session on Thursday amid a further rise in the US Treasury bond yields. Apart from this, bets for a less aggressive policy easing by the Federal Reserve (Fed) turn out to be key factors exerting some downward pressure on the non-yielding yellow metal. Any meaningful corrective slide for the commodity, however, seems elusive in the wake of the uncertainty surrounding the US presidential election and Middle East tensions.

vor 6 Tagen

Trade ist aktiv

‼️‼️News and USD are not biased in any direction. The results are not too volatile for USD AND XAU

vor 6 Tagen

Trade geschlossen: Stop wurde erreicht

Gold price returned to the 273x area - recovering slightly. May continue to decline tomorrow with NF news