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XAU ! 28 November ! Sideway bank holiday
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XAU / USD trend forecast November 28, 2024
Gold prices rebounded on Wednesday after hitting a weekly low of $2,605, supported by a weaker US Dollar in response to newly released US economic data. This, coupled with declining US Treasury bond yields, aided the recovery, pushing XAU/USD to $2,636, up by 0.13%.
Market sentiment turned slightly cautious as US equity markets braced for the Thanksgiving holiday. Meanwhile, the Federal Reserve's (Fed) preferred inflation measure, the core Personal Consumption Expenditures (PCE) Price Index, reinforced the Fed's measured approach, which is anticipated to include a reduction in borrowing costs during the December meeting.
Bank holiday , Gold price is mainly sideways around 2600 - 2658
/// BUY XAU : zone 2606-2603
SL: 2598
TP: 50 - 150 - 300pips (2633)
Safe and profitable trading
Gold prices rebounded on Wednesday after hitting a weekly low of $2,605, supported by a weaker US Dollar in response to newly released US economic data. This, coupled with declining US Treasury bond yields, aided the recovery, pushing XAU/USD to $2,636, up by 0.13%.
Market sentiment turned slightly cautious as US equity markets braced for the Thanksgiving holiday. Meanwhile, the Federal Reserve's (Fed) preferred inflation measure, the core Personal Consumption Expenditures (PCE) Price Index, reinforced the Fed's measured approach, which is anticipated to include a reduction in borrowing costs during the December meeting.
Bank holiday , Gold price is mainly sideways around 2600 - 2658
/// BUY XAU : zone 2606-2603
SL: 2598
TP: 50 - 150 - 300pips (2633)
Safe and profitable trading
トレード稼働中
Gold price recovered above 2640 - US bank holiday session
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