XAU / USD trend forecast December 06, 2024! SCALPING
Gold price (XAU/USD) bounced back from an earlier one-and-a-half-week low on Friday, maintaining modest recovery gains near the $2,640 mark as the European session approached. The US Dollar (USD) remains weak, hovering near a multi-week low due to the recent drop in US Treasury bond yields. Additionally, expectations that the Federal Reserve (Fed) will cut interest rates later this month, combined with a slight decline in global risk appetite, provide crucial support for the safe-haven metal.
Gold price will continue sideways in European session below 2655, decline will still await in the near future
/// BUY XAU : zone 2634-2631 scalping
SL: 2628
TP: 40 - 80 - 150 pips (2646)
Safe and profitable trading