XAU / USD trend forecast January 16, 2025, SCALPING
Earlier this week, Bloomberg revealed that economic advisers to incoming US President Donald Trump are exploring a plan to incrementally raise tariffs on a monthly basis. Additionally, softer-than-anticipated US inflation data has reignited hopes that the Federal Reserve may continue its policy easing cycle, providing support for Gold prices.
Gold price breaks out of 2700 price zone in European session, continues to increase, waiting for next resistance 2720
/// BUY XAU : zone 2699-2696
SL: 2693
TP: 50 - 80 - 150pips (2711)
Safe and profitable trading