XAU / USD trend forecast December 5, 2024
Inflation has remained more persistent than anticipated, with the latest three readings showing that the disinflation process has stalled. Although prices rose slightly by 0.1%, they are still far from the Federal Reserve's 2% target.
Meanwhile, other officials have shared their views. St. Louis Fed President Alberto Musalem indicated that the time to slow or pause rate cuts might be near. He highlighted that the labor market is consistent with full employment and expressed optimism that inflation could return to the 2% target within the next two years.
sideway, accumulation will continue today Thursday, the longer the sideway, the stronger the news about NF Friday will be
/// SELL XAU : zone 2655-2658
SL: 2663
TP: 50 - 150 - 300pips (2628)
Safe and profitable trading