XAU - 8 Jan - Gold in recovery price, scalping
Updated
XAU / USD trend forecast January 8, 2024
Gold prices (XAU/USD) see some dip-buying after the prior session's retreat from the $2,665 resistance level, though upside momentum and bullish conviction remain limited. US Dollar (USD) strength moderates as traders await the release of the FOMC meeting minutes before making new moves. Additionally, uncertainties over US President-elect Donald Trump's tariff policies, concerns about a potential trade war, geopolitical tensions, and a cautious market sentiment provide support to the safe-haven asset.
Gold prices edged up in European session - mainly awaiting ADP-NF news results today
/// SELL XAU : zone 2663-2666 scalping
SL: 2669
TP: 50 - 100 - 150pips (2651)
Safe and profitable trading
Gold prices (XAU/USD) see some dip-buying after the prior session's retreat from the $2,665 resistance level, though upside momentum and bullish conviction remain limited. US Dollar (USD) strength moderates as traders await the release of the FOMC meeting minutes before making new moves. Additionally, uncertainties over US President-elect Donald Trump's tariff policies, concerns about a potential trade war, geopolitical tensions, and a cautious market sentiment provide support to the safe-haven asset.
Gold prices edged up in European session - mainly awaiting ADP-NF news results today
/// SELL XAU : zone 2663-2666 scalping
SL: 2669
TP: 50 - 100 - 150pips (2651)
Safe and profitable trading
Trade active
Price dropped before ADP-NF news, below 2650. Expect a recovery in gold at 2664Trade closed: target reached
+ 70 pips profit : amazing SELL 2663-2666
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