Gold Positive - Rebounds on Military Tensions

2024年11月19日

XAU / USD trend forecast November 19, 2024

Gold prices (XAU/USD) drew safe-haven demand on Monday, rebounding after last week's sharpest weekly decline in over three years and breaking a six-day losing streak amid escalating geopolitical tensions.

Additionally, a pullback in US Treasury yields led to profit-taking on the US Dollar (USD) following its post-election surge to a new year-to-date high, providing further support for the non-yielding yellow metal.

Korean peninsula tension - boosts gold price to increase and recover. Wait for resistance zone according to FIBONACCY for gold price to decrease

/// SELL XAU : zone 2640-2643

SL: 2648

TP: 50 - 100 - 200pips (2623)


Safe and profitable trading

2024年11月19日

交易开始

Missed entry SELL 2640-2643 , missed 7 pips . Gold prices dropped sharply from this price range

2024年11月20日

交易结束：到达目标

Gold price trades around 2630 and tends to go up