XAU, Scalping Gold sideways, recovering to a higher price range

XAU / USD trend forecast February 24, 2025, SCALPING

⚠️ The increasing consensus that the Federal Reserve (Fed) will maintain elevated interest rates for an extended period due to persistent inflationary pressures serves as a limiting factor for Gold’s upside potential. Additionally, traders appear hesitant to make bold moves, instead adopting a cautious stance ahead of the release of the US Personal Consumption Expenditures (PCE) Price Index— the Fed’s preferred gauge of inflation—scheduled for Friday. This pivotal data is expected to offer further insights into the Fed’s potential rate-cut trajectory, ultimately influencing USD demand and shaping the near-term outlook for the precious metal.

⚠️ The good recovery trend helps gold price sideways around the price range of 2940. Selling pressure awaits at higher price ranges of 2946, 2955.

🚨/// SELL XAU : zone 2945-2948

SL: 2951

TP: 50 - 100 - 150pips (2933)


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