Technical analysis by iktbiktb about Symbol PAXG: Buy recommendation (12/4/2024)
iktbiktb

Gold price (XAU/USD) faces selling pressure after briefly rising to the $2,650 resistance zone, reaching a new daily low during the early European session on Wednesday. Despite this, the metal continues to trade within its established range from the past week, as traders remain cautious ahead of Federal Reserve (Fed) Chair Jerome Powell's speech. Market participants are seeking insights into the Fed's rate-cut outlook, which could influence US Dollar (USD) demand and shape the next significant move for gold.Scalping BUY price range before ADP-NF news was announced 2635 - 2637BUY GOLD: 2635 - 2637SL 2629 TP1: 2645TP2: 2650TP3: 2655TP2:2650 DoneChristmas is coming. Do you have enough money in your wallet? It’s Christmas at the end of the month! During the upcoming holidays, you can choose to watch people shopping, taking vacations, and buying cars. Or buy yourself a car, vacation, or house!