Waiting sentiment ahead of FOMC - NOTE resistance 2675

XAU / USD trend forecast December 17, 2024

Gold prices see a modest uptick during the early North American session at the start of the week, rising 0.28% as market participants anticipate the Federal Open Market Committee's (FOMC) upcoming decision. Currently, XAU/USD is trading at $2,643, slightly higher than its opening levels but below the day’s peak.

The US economic calendar offered limited updates, with the release of December's S&P Global Flash PMIs presenting mixed results. While the manufacturing sector showed signs of a slowdown after last month’s improvement, the services sector posted its strongest performance of 2024 so far.

Gold price sideways in the price range of 2630 - 2660 before FOMC, accumulation and waiting psychology from the market

/// SELL XAU : zone 2673-2676

SL: 2681

TP: 50 - 150 - 300pips (2646)


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