XAU Scalping - breaktrend M30 set up BUY signal for EU session

12 Feb

XAU / USD trend forecast February 12, 2025, Scalping European session

Gold price (XAU/USD) faces renewed selling pressure for the second consecutive session on Wednesday, retreating toward the $2,885 mark with a daily decline of approximately 0.45%. The precious metal remains weighed down by the US Dollar’s resurgence, spurred by Federal Reserve (Fed) Chair Jerome Powell’s hawkish remarks on Tuesday, which reinforced expectations of a cautious approach to rate cuts.

Furthermore, a prevailing risk-on sentiment in the broader financial markets adds to gold’s headwinds, diminishing its safe-haven appeal. The metal's slight overextension in overbought territory on the daily chart further contributes to the corrective pullback, as investors take a more cautious stance amid shifting market dynamics.

Gold price breaks 2890 in Asian session, breaks M30 trendline, recovers in European session, sets BUY signal

/// BUY XAU : zone 2891-2888 scalping

SL: 2885

TP: 50 - 70 - 150pips (2903)


Safe and profitable trading

12 Feb

Dagangan aktif

Signal has 50 pips profit, then decreased to 2880