XAU / USD trend forecast December 31, 2024
The US Dollar Index (DXY) stays near 108.00 as markets absorb the Federal Reserve's hawkish stance. Falling US Treasury yields, with 2-year and 10-year rates at 4.24% and 4.53%, have lent some support to non-yielding Gold. Persistent geopolitical tensions, including the Russia-Ukraine war and Middle East unrest, continue to bolster safe-haven demand for the metal.
Gold price shows unpredictability at the end of the year, sideways. Break downtrend H1, waiting for retest point BUY
/// BUY XAU : zone 2612-2609 scalping
SL: 2606
TP: 50 - 100 - 150pips (2624)
Safe and profitable trading