XAU continues to accumulate below 2660! 5 December

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XAU / USD trend forecast December 5, 2024

Inflation has remained more persistent than anticipated, with the latest three readings showing that the disinflation process has stalled. Although prices rose slightly by 0.1%, they are still far from the Federal Reserve's 2% target.

Meanwhile, other officials have shared their views. St. Louis Fed President Alberto Musalem indicated that the time to slow or pause rate cuts might be near. He highlighted that the labor market is consistent with full employment and expressed optimism that inflation could return to the 2% target within the next two years.

sideway, accumulation will continue today Thursday, the longer the sideway, the stronger the news about NF Friday will be

/// SELL XAU : zone 2655-2658

SL: 2663

TP: 50 - 150 - 300pips (2628)



Safe and profitable trading
Trade attivo
Gold price is sideways around 2650 waiting for entry SELL 2655, along with unemployment news
Trade chiuso: obiettivo raggiunto
+ 300 pips , FULL TP . Signal SELL ZONE 2655-2658. Plan sell XAU
Beyond Technical AnalysisTechnical IndicatorssellsetupsellsignalsellzoneshortsetupshorttradeshortxauusdTrend Analysisxauusdsellxauusdshortxauusdsignal

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