10/4/24 wait news ATH from XAU ! NF

Updated
XAU / USD trend forecast October 4, 2024

Gold price (XAU/USD) continues trading within a narrow range, as traders await a new catalyst to determine the next directional move. Attention is focused on the upcoming US Nonfarm Payrolls (NFP) report, set to be released later on Friday. The data could shape expectations about the pace of the Federal Reserve's rate cuts, impacting US Dollar demand and influencing gold prices.

NF and war tensions are the main drivers for gold prices to continue to rise - creating new ATH


/// SELL XAU : zone 2698-2700

SL: 2706

TP: 50 - 100 - 200 pips (2680)


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Gold price continues to sideways in the 2660 price range - waiting for today's NF is extremely important
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Gold price decreased around below 2660 area
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NF good for dollar - gold price down 2635 . Border jams still increased sharply to the 2650 area
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Gold price shows large sideways range: 2635 -2670
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