XAU Scalping - break 2902 and increase in price

לפני 7 ימים

XAU / USD trend forecast February 17, 2025, Scalping European session

The US Dollar remains subdued, hovering near its lowest level since December 17, following the release of disappointing US Retail Sales data on Friday. This weakness in the greenback has rekindled investor appetite for gold, supporting its price.

According to the US Census Bureau, Retail Sales in January saw a sharper-than-expected decline of 0.9%, significantly missing market forecasts of a modest 0.1% drop. This marked a stark contrast to the upwardly revised 0.7% increase recorded in December (previously reported as 0.4%).

H1 frame, gold price breaks support 2902 and forms DOW uptrend, waiting for BUY retest entry point

/// BUY XAU : zone 2902-2899 SCALPING

SL: 2896

TP: 50 - 70 - 150pips (2914)


Safe and profitable trading

לפני 7 ימים

עסקה פעילה

Sideway price area 2890-2900 in the US session Monday (Bank Holiday)