XAU SCALPING - Trendline sideway below 2700
Updated
XAU / USD trend forecast December 13, 2024
The US Bureau of Labor Statistics announced on Thursday that the headline Producer Price Index (PPI) increased by 0.4% in November, with the annual rate climbing from 2.6% in October to 3% during the same period.
Meanwhile, the core PPI rose by 0.2% in November on a monthly basis and stood at 3.4% year-over-year, surpassing expectations. This suggests that efforts to bring inflation down to the 2% target have encountered a pause in progress.
Scalping before US session - M15 trendline, sideway price zone 2676 - 2700
/// BUY XAU : zone 2680-2677
SL: 2674
TP: 50 - 100 - 150pips (2692)
Safe and profitable trading
The US Bureau of Labor Statistics announced on Thursday that the headline Producer Price Index (PPI) increased by 0.4% in November, with the annual rate climbing from 2.6% in October to 3% during the same period.
Meanwhile, the core PPI rose by 0.2% in November on a monthly basis and stood at 3.4% year-over-year, surpassing expectations. This suggests that efforts to bring inflation down to the 2% target have encountered a pause in progress.
Scalping before US session - M15 trendline, sideway price zone 2676 - 2700
/// BUY XAU : zone 2680-2677
SL: 2674
TP: 50 - 100 - 150pips (2692)
Safe and profitable trading
Trade active
Gold price adjusted down around 2670 before the US session
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