Uptrend maintained! XAU! 10/23
XAU / USD trend forecast October 23, 2024
Gold prices continued to climb for the fifth time in six days, reaching a record high of $2,748, just below the key $2,750 level. Rising geopolitical tensions and expectations of further rate cuts by the Federal Reserve (Fed) are supporting the metal. As a result, XAU/USD trades around $2,744, up nearly 1%.
Despite soaring US Treasury yields, risk aversion keeps gold strong. Since the Fed's 50 basis point rate cut on September 18, the US 10-year Treasury yield has risen to 4.20%, suggesting that traders anticipate a less dovish Fed stance.
M45 is forming an uptrend DOW structure - still waiting for higher ATH from gold: 2753
/// SELL XAU : zone 2753-2756
SL: 2761
TP: 50 - 200 - 300 pips (2726)
Safe and profitable trading
Gold prices continued to climb for the fifth time in six days, reaching a record high of $2,748, just below the key $2,750 level. Rising geopolitical tensions and expectations of further rate cuts by the Federal Reserve (Fed) are supporting the metal. As a result, XAU/USD trades around $2,744, up nearly 1%.
Despite soaring US Treasury yields, risk aversion keeps gold strong. Since the Fed's 50 basis point rate cut on September 18, the US 10-year Treasury yield has risen to 4.20%, suggesting that traders anticipate a less dovish Fed stance.
M45 is forming an uptrend DOW structure - still waiting for higher ATH from gold: 2753
/// SELL XAU : zone 2753-2756
SL: 2761
TP: 50 - 200 - 300 pips (2726)
Safe and profitable trading
Trade active
Correct assessment - retested the 2739 area then increased sharply.
110 pips for accurate trend drawing
Order cancelled
+ 40 pips profit from entry sell 2753-2756Trade active
Gold price is currently sideways around 2750-2760 during the European session. Upward momentum is dominant - the 2755 resistance zone is strongly contestedTrade closed: target reached
60 pips from entry sell plan day 2753-2756Trade active
+ 130 pips, amazing sell plan day 2753-2756Trade closed: target reached
+ 245 pips , crazy signal plan day sell 2753-2756Trade active
+ 300 pips , signal PLAN DAY SELL 2753-2756, FULL TP Trade closed: stop reached
Today's plan is great - gold price can hold ATH 2758 for quite a long time. Trading around 2710-2730 sideway
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💠 Trend analysis: XAU, BTC, Currency,...
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.