Scalping - 30 Dec - Break trend , retest entry SELL
Updated
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
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
Trade active
+ 45 pips , signal SELL 2613.5-2616.5 Trade closed: target reached
Selling pressure is very strong - exactly a downtrend. Plan day scalping SELL
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