XAU ! 11/20 ! Gold sideways, holding above 2600

20 พ.ย. 2024

XAU / USD trend forecast November 20, 2024

Gold prices (XAU/USD) continue their intraday retreat from the $2,642 level, a one-and-a-half-week high reached earlier on Wednesday, dropping to a new daily low during the early European session. The US Dollar (USD) gains support from dip-buying, fueled by a notable rise in US Treasury yields amid expectations of a more cautious approach to policy easing by the Federal Reserve (Fed). This shift in sentiment diverts investment flows away from the non-yielding yellow metal.

Gold price recovered, still maintaining above 2600, sideways price range 2600-2645

/// SELL XAU : zone 2629-2632

SL: 2637

TP: 50 - 100 - 300pips (2602)


Safe and profitable trading

20 พ.ย. 2024

การซื้อขายยังคงดำเนินอยู่

Gold price increased, trading above 2640, US session

21 พ.ย. 2024

ปิดการเทรด: ถึงเป้าหมายการทำกำไร

Gold price increased sharply above the 2650 area