XAU / USD trend forecast November 11, 2024
Gold prices (XAU/USD) extend last week's significant losses, staying under selling pressure for a second consecutive day on Monday due to continued strength in the US Dollar (USD). Optimism about Donald Trump's proposed expansionary policies supports the USD near its four-month high from last week, which in turn weighs on gold prices.
Gold price sideways at the beginning of the week, price range 2660 - 2690, in a downtrend, buyers try to keep the price against selling pressure from the market
/// BUY XAU : zone 2656-2653
SL: 2648
TP: 50 - 150 - 200 pips (2673)
Safe and profitable trading