Gold BREAK Resistance - Continues to Rise
XAU / USD trend forecast January 16, 2025
Following the release of the data, traders anticipate that the US central bank could implement 40 basis points (bps) of rate cuts by the close of 2025.
However, Gold's outlook remains uncertain, as the incoming Donald Trump administration plans to introduce tariffs, which have the potential to fuel inflation and hinder the Federal Reserve's ability to lower interest rates.
Should the new administration move forward with its tariff agenda, the US Dollar (USD) might strengthen, negatively impacting the appeal of the non-yielding precious metal.
Amid market concerns, the Fed maintains its decision not to cut interest rates, gold becomes a safe investment in early 2025
/// SELL XAU : zone 2708-2711
SL: 2716
TP: 50 - 150 - 300pips (2681)
Safe and profitable trading
Following the release of the data, traders anticipate that the US central bank could implement 40 basis points (bps) of rate cuts by the close of 2025.
However, Gold's outlook remains uncertain, as the incoming Donald Trump administration plans to introduce tariffs, which have the potential to fuel inflation and hinder the Federal Reserve's ability to lower interest rates.
Should the new administration move forward with its tariff agenda, the US Dollar (USD) might strengthen, negatively impacting the appeal of the non-yielding precious metal.
Amid market concerns, the Fed maintains its decision not to cut interest rates, gold becomes a safe investment in early 2025
/// SELL XAU : zone 2708-2711
SL: 2716
TP: 50 - 150 - 300pips (2681)
Safe and profitable trading
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