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SCALPING - Uptrend - Can Gold Price Return to Old ATH?

201
XAU / USD trend forecast January 24, 2025, SCALPING

Concerns over the economic impact of US President Donald Trump's tariffs continue to drive investors toward safe-haven Gold, pushing its price higher on Friday.

Meanwhile, the US Dollar edges closer to its monthly low, following Trump’s Thursday remarks about pressuring the Federal Reserve to lower interest rates.

Buyers dominate - uptrend remains, BUY entry at breakout entry zones, retest uptrend

/// BUY XAU : zone 2763-2760

SL: 2757

TP: 50 - 80 - 150pips (2775 )



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Gold price is trading close to the old peak of 2789

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