Gold returns to historical high price of 2788

1月24日

XAU / USD trend forecast January 24, 2025

Gold prices remain steady after dipping to a daily low of $2,735, supported by elevated US Treasury bond yields. Economic data from the United States (US) highlighted a cooling labor market, while investors continued analyzing US President Trump's trade policy statements. At the time of writing, XAU/USD is trading at $2,755, holding near its previous levels.

Despite Thursday's pullback, gold prices are poised to end the week with strong gains.

Data from the US Department of Labor indicated an increase in jobless claims for the week ending January 18, suggesting potential softening in the labor market. However, the report noted that the rise was influenced by weather-related disruptions and the Los Angeles fire, factors likely to be accounted for in forthcoming data

Gold price recovers quickly - approaching historical high of 2788. Reaction zone decreases

/// SELL XAU : zone 2788-2791

SL: 2796

TP: 50 - 150 - 300pips (2761)


Safe and profitable trading

1月24日

交易進行

Gold price sideway around 2775, waiting for PMI data in the US trading session

1月24日

交易結束：目標達成

Gold price according to the trend of increasing 2786 - ATH resistance. Then strong adjustment