Bullish momentum is fading - 2732 and correction

17 בינו׳

XAU / USD trend forecast January 17, 2025

Gold prices climbed past the $2,700 level on Thursday as the US Dollar pared back some of its earlier advances. Recent data from the United States indicated a resilient economy, highlighted by strong consumer spending figures and robust employment data. Meanwhile, US bond yields declined amid growing expectations of additional easing measures from the Federal Reserve. Currently, XAU/USD is trading at $2,715, marking a 0.72% increase.

Gold price still maintains an upward trend, however, buying power is weakening and needs to be adjusted to balance the market, large liquidity 2732-2734

/// SELL XAU : zone 2732-2735

SL: 2740

TP: 50 - 150 - 300pips (2705)


Safe and profitable trading

17 בינו׳

עסקה פעילה

Gold price adjusted around the 2705 price range and sideway

17 בינו׳

עסקה סגורה: היעד הושג

Gold recovers above 2710 after successful 2702 liquidity sweep