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XAU/ USD! 11/5! Gold short term recovery! Aiming for target2705

1433
XAU / USD trend forecast November 5, 2024

Gold price (XAU/USD) recovers from an intraday dip, holding near $2,735 with little change heading into Tuesday's European session. Safe-haven demand driven by the close US presidential race and potential for increased Middle East tensions supports the metal. Additionally, as traders pull back from the "Trump trade" and anticipate further rate cuts from the Federal Reserve amid a cooling US job market, US Treasury yields decline. This has led to renewed US Dollar selling, adding further support for gold as global equity markets maintain a cautious outlook.

Election results approaching - slight recovery before sharp decline, heading towards 2705

/// BUY XAU : zone 2734-2731

SL: 2726

TP: 50 - 150 - 300 pips (2761)



Safe and profitable trading
Trade ativo
Still the same sideway price range as yesterday - gold price stuck in the 2730-2750 range
Ordem cancelada
+ 40 pips - profit entry Buy 2734-2731
Trade fechado: stop atingido
+ 95 pips , nice signal buy 2734-2731 . Amazing
Trade ativo
+ 170 pips , plan day Buy 2734-2731 , profit Buy

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