Gold Rebounds - Will Interest Rates Drop Today?

2024年12月18日

XAU / USD trend forecast December 18, 2024

Gold price (XAU/USD) finds it challenging to build on Tuesday's rebound from a more than one-week low, fluctuating between slight gains and minor losses as the European session approaches on Wednesday. Market participants appear cautious, holding off on making significant moves ahead of the critical FOMC policy announcement later in the day. Meanwhile, anticipation of a less dovish stance from the Federal Reserve (Fed) supports higher US Treasury bond yields and the US Dollar (USD), limiting the upside for the non-yielding precious metal.

Gold price sideways short range 2640-2655 in Asian, European sessions, waiting for US session and interest rate data in US session

/// SELL XAU : zone 2673-2676 scalping

SL: 2679

TP: 50 - 100 - 150pips (2661)

Safe and profitable trading

2024年12月18日

交易進行

Market drops below 2640, ahead of today's interest rate data