Gold correction - before weekend selling pressure
XAU / USD trend forecast January 23, 2025
The gold price (XAU/USD) remains under pressure during the first half of the European session on Thursday, appearing to halt a three-day rally that pushed it to its highest level since early November just the day before. The US Dollar (USD) continues to gain momentum for a second consecutive day, extending its rebound from the monthly low. Along with steady equity market performance, these factors weigh on the appeal of the safe-haven metal.
Even so, expectations that the Federal Reserve (Fed) will implement two rate cuts this year constrain US Treasury bond yields. This should limit the USD's upside and provide some support to Gold, which does not offer a yield. Additionally, lingering uncertainty surrounding US President Donald Trump’s trade policies—potentially sparking trade wars and increasing market volatility—could help cushion Gold’s downside. Caution is advised before concluding that the one-month-long upward trend has come to an end.
Gold price adjusted down after a good recovery at the beginning of the week, the breakout zone of 2730 is expected to recover and react positively.
/// BUY XAU : zone 2732-2729
SL: 2724
TP: 50 - 150 - 300pips (2759)
Safe and profitable trading
The gold price (XAU/USD) remains under pressure during the first half of the European session on Thursday, appearing to halt a three-day rally that pushed it to its highest level since early November just the day before. The US Dollar (USD) continues to gain momentum for a second consecutive day, extending its rebound from the monthly low. Along with steady equity market performance, these factors weigh on the appeal of the safe-haven metal.
Even so, expectations that the Federal Reserve (Fed) will implement two rate cuts this year constrain US Treasury bond yields. This should limit the USD's upside and provide some support to Gold, which does not offer a yield. Additionally, lingering uncertainty surrounding US President Donald Trump’s trade policies—potentially sparking trade wars and increasing market volatility—could help cushion Gold’s downside. Caution is advised before concluding that the one-month-long upward trend has come to an end.
Gold price adjusted down after a good recovery at the beginning of the week, the breakout zone of 2730 is expected to recover and react positively.
/// BUY XAU : zone 2732-2729
SL: 2724
TP: 50 - 150 - 300pips (2759)
Safe and profitable trading
Dagangan aktif
Gold price touches 2735: a little short of touching plan day buy 2732Dagangan ditutup: sasaran tercapai
The downtrend adjusted correctly - 2735 and rebounded around 2760
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💠 Trend analysis: XAU, BTC, Currency,...
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MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
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