XAU ! 10/17 waiting for new ATH 2712
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XAU / USD trend forecast October 17, 2024
Gold price (XAU/USD) continued its upward trend and retested its all-time high on Wednesday, driven by expectations of rate cuts from major central banks. Markets have fully priced in a 25 basis points cut by the US Federal Reserve in November. Additionally, weak inflation data from Europe and the UK has strengthened expectations for more aggressive rate cuts by the ECB and BoE. This resulted in lower yields, supporting the non-yielding gold.
Strong uptrend - H2 frame forms DOW theory for next new ATH opportunity: 2712
/// SELL XAU : zone 2712-2715
SL: 2720
TP: 50 - 100 - 300 pips (2685)
Safe and profitable trading
Gold price (XAU/USD) continued its upward trend and retested its all-time high on Wednesday, driven by expectations of rate cuts from major central banks. Markets have fully priced in a 25 basis points cut by the US Federal Reserve in November. Additionally, weak inflation data from Europe and the UK has strengthened expectations for more aggressive rate cuts by the ECB and BoE. This resulted in lower yields, supporting the non-yielding gold.
Strong uptrend - H2 frame forms DOW theory for next new ATH opportunity: 2712
/// SELL XAU : zone 2712-2715
SL: 2720
TP: 50 - 100 - 300 pips (2685)
Safe and profitable trading
Trade attivo
Gold prices maintain an uptrend - above the 2670 markOrdine annullato
Touch new ATH and correct downward around 2680 areaTrade attivo
DOW theory, break 2685 exact trendTrade chiuso: obiettivo raggiunto
The price range 2670-2690 is the trading range today before the US sessionTrade attivo
Overwhelming trend - approaching the 2700 price zone. Exact trendTrade chiuso: obiettivo raggiunto
Gold price moves to reach exact target 2712, congratulations for following MOON forex academy
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