DOW formation - DOWN trend

2024年11月26日

XAU / USD trend forecast November 26, 2024

Gold prices (XAU/USD) plunged during Monday’s North American session following reports of a ceasefire agreement between Lebanon and Israel, which bolstered demand for riskier assets. Coupled with the announcement of Scott Bessent as the Treasury Secretary in Trump’s administration, this added further pressure on the yellow metal. XAU/USD is currently trading at $2,620, marking a drop of over 3%.

The shift in risk sentiment has been a key factor driving Gold’s decline. The metal has broken below the 50-day Simple Moving Average (SMA) at $2,664, paving the way for potential further losses.

Gold maintains price range below 2700 after ending short-term recovery - DOW wave 5 bar h1 frame

/// SELL XAU : zone 2649-2652

SL: 2657

TP: 50 - 150 - 300pips (2622)


Safe and profitable trading

2024年11月26日

交易進行

Gold price recovered slightly above 2642 - then immediately adjusted downward. Still waiting for the price range 2649-2652