Scalping - 30 Dec - Break trend , retest entry SELL

Dec 30, 2024

XAU / USD trend forecast December 30, 2024

The US Dollar Index (DXY) trades near 108.00, just below its peak since November 2022, as markets assess the Federal Reserve’s hawkish shift. Following a quarter-point rate cut in December, the Fed's Dot Plots project two cuts next year.

Gold, a non-yielding asset, might find support as US Treasury yields decline, with 2-year and 10-year yields currently at 4.32% and 4.62%, respectively.

H1 frame shows gold price breaking trend, downtrend is dominant, waiting for retest point to enter SELL

/// SELL XAU : zone 2613.5-2616.5 scalping

SL: 2619.5

TP: 50 - 100 - 150pips (2601)

Safe and profitable trading

Dec 30, 2024

Trade active

+ 45 pips , signal SELL 2613.5-2616.5

Dec 30, 2024

Trade closed: target reached

Selling pressure is very strong - exactly a downtrend. Plan day scalping SELL