XAU / USD trend forecast December 24, 2024
Gold prices (XAU/USD) extend their steady climb from the Asian session, reaching a new intraday high near the $2,620 mark in recent trading. Persisting geopolitical tensions and concerns over trade wars provide a supportive backdrop for the precious metal, further aided by a slight decline in US Treasury yields. However, the potential for a significant upside move in XAU/USD appears limited due to the Federal Reserve's (Fed) hawkish stance.
Gold price continues SIDEWAY today, below resistance zone 2635
/// SELL XAU : zone 2633-2636
SL: 2641
TP: 50 - 150 - 300pips (2606)
Safe and profitable trading