XAU / USD ! 9/9 ! SIDEWAY continue to decrease

2024年9月9日

XAU / USD trend forecast September 9, 2024

According to the data, Fed interest rate probabilities fluctuated sharply. Based on CME FedWatch Tool data, at some point, traders priced a 50 bps cut with odds rising as high as 70%. Nevertheless, as the dust settled, market participants estimated that a 25 bps cut was more likely as the chances of it rose by 73%, while for a 50 bps cut they decreased to 27%.

In the meantime, Fed policymakers crossed the newswire. New York Fed President John Williams said that lowering rates soon will help to keep the labor market balanced. Fed Governor Christopher Waller echoed some of his comments at a speech at the University of Notre Dame. He said, “The time has come” to begin easing policy and revealed that he was open to any size of easing.

Based on H2, resistance and EMA 200 line to set up SELL signal

/// SELL XAU : zone 2505-2507

SL: 2513

TP: 50 - 150 - 200 pips (2487)


Safe and profitable trading

2024年9月9日

交易進行

Exact trend - price touched 2486 to support H1 then turned up sideways

2024年9月9日

交易進行

60 pips , GREAT SELL 2505-2507, PLAN TODAY