Target reached 2700, gold price increased

7 天前

XAU / USD trend forecast January 13, 2025

Gold price (XAU/USD) hovers near $2,690 with slight losses during the early Asian session on Monday, weighed down by a broadly stronger US Dollar (USD). However, concerns regarding the uncertainty around the policies of the incoming President-elect Donald Trump administration may provide some support and limit Gold's downside.

Friday's better-than-expected US employment data bolstered speculation that the US Federal Reserve (Fed) may adopt a slower pace of interest rate cuts this year. This puts pressure on the non-yielding precious metal. Markets are now pricing in only a 30 basis points (bps) reduction in rates for this year, compared to approximately 45 bps prior to the NFP release.

The uptrend continues to support and maintain the beginning of the week.

/// SELL XAU : zone 2703-2706

SL: 2711

TP: 50 - 150 - 300pips (2676)


Safe and profitable trading

6 天前

交易進行

Gold price slightly adjusted to the 2680 price range