XAU / USD trend forecast December 17, 2024
The Gold price (XAU/USD) fluctuates between slight gains and minor losses during the early European session on Tuesday, staying near the one-week low reached on Monday. Market participants appear hesitant, preferring to wait for clearer signals regarding the Federal Reserve's (Fed) future rate-cut trajectory before committing to new positions. As a result, the precious metal experiences muted, range-bound trading for the second consecutive day, with investors focused on the upcoming FOMC policy decision on Wednesday.
Strong selling pressure, the market fell sharply, breaking out of the 2646 price zone, giving priority to sell signals before the US session
/// SELL XAU : zone 2646-2649 scalping
SL: 2652
TP: 50 - 100 - 150pips (2634)
Safe and profitable trading