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GOLD ! 9/30 ! down adjustment

XAU / USD trend forecast September 30, 2024

Israel escalated its conflict with Iran’s allies, the Houthis in Yemen and Hezbollah in Lebanon, launching airstrikes on Sunday and raising fears of a wider Middle East war. The Israeli Defense Forces reported targeting several locations, including power plants and a seaport in Yemen. In Lebanon, Israeli strikes killed Nabil Kaouk, the deputy head of Hezbollah's Central Council, marking the seventh Hezbollah leader killed in just over a week.

Based on M30, price adjustment h1 frame, XAU down

/// SELL XAU : zone 2664-2667

SL: 2672

TP: 50 - 150 - 300 pips (2637)



Safe and profitable trading
Сделка активна
Gold price reacts to 2660 zone - bears are overwhelming. Gold price returns to 2655
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Decreasing trend back to the area below 2650 in the second European session
Сделка активна
Gold price dropped sharply around the 2630-2640 area. The selling side is overwhelming
Сделка активна
Gold price dropped sharply - quick adjustment. The market simultaneously sold off and took profits
Сделка активна
The price started to stabilize sideways around the 2630-2640 area

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