XAU / USD trend forecast January 28, 2025, SCALPING
Gold prices (XAU/USD) face selling pressure after climbing toward the $2,745 level during the Asian session, declining for a second consecutive day on Tuesday amid renewed demand for the US Dollar (USD). US President Donald Trump’s renewed tariff threats have reignited inflation concerns, prompting a modest recovery in US Treasury bond yields. As a result, the USD has rebounded sharply from Monday's lowest level since December 18, weighing on the performance of the USD-backed gold market.
Gold price temporarily sideways around 2730 in Asian and European sessions, moving within the short-term downtrend line
/// BUY XAU : zone 2732-2729
SL: 2726
TP: 50 - 80 - 150pips (2744 )
Safe and profitable trading