Strong resistance 2723, gold price slows down
Aktualisiert
XAU / USD trend forecast December 12, 2024
Gold prices prolonged their uptrend on Wednesday following the release of inflation figures in the United States (US). Expectations that the Federal Reserve (Fed) would cut interest rates next week were reaffirmed as the disinflation process evolves, yet at a slower pace. The XAU/USD trades at $2,711, posting gains of 0.40%.
The US Consumer Price Index (CPI) remained firm in November, with headline and core figures aligned with economists' monthly and annual estimates, revealed the US Bureau of Labor Statistics (BLS).
Gold price is recovering well - the resistance level of 2723 is quite strong, causing gold price to move slowly.
/// SELL XAU : zone 2722-2725
SL: 2730
TP: 50 - 150 - 300pips (2695)
Safe and profitable trading
Gold prices prolonged their uptrend on Wednesday following the release of inflation figures in the United States (US). Expectations that the Federal Reserve (Fed) would cut interest rates next week were reaffirmed as the disinflation process evolves, yet at a slower pace. The XAU/USD trades at $2,711, posting gains of 0.40%.
The US Consumer Price Index (CPI) remained firm in November, with headline and core figures aligned with economists' monthly and annual estimates, revealed the US Bureau of Labor Statistics (BLS).
Gold price is recovering well - the resistance level of 2723 is quite strong, causing gold price to move slowly.
/// SELL XAU : zone 2722-2725
SL: 2730
TP: 50 - 150 - 300pips (2695)
Safe and profitable trading
Trade ist aktiv
Gold price is sideways around the 2710-2720 areaTrade geschlossen: Ziel wurde erreicht
Exact DOWN trend .BIG Profit SELL
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