Gold price decreased to trendline H2,maintaining an uptrend
XAU / USD trend forecast February 3, 2025
Gold prices (XAU/USD) decline slightly to around $2,795 in the early Asian session on Monday, pressured by a stronger US Dollar following new tariffs imposed by US President Donald Trump over the weekend.
On Saturday, the US informed Canada that it would impose 25% tariffs on both Canada and Mexico, while China would face a 10% tariff. Additionally, Canadian energy exports will be subjected to a 10% tariff, according to CTV. These measures are set to take effect on Tuesday. In response, Canada, Mexico, and China have pledged to retaliate against the sweeping tariffs on their exports to the US. This has strengthened the US Dollar (USD) broadly, weighing on the USD-denominated Gold price.
Gold fell at the beginning of the week due to pressure from a strong dollar (DXY) and the Trump administration's tariff policy.
/// BUY XAU : zone 2771-2768
SL: 2763
TP: 50 - 150 - 300pips (2798)
Safe and profitable trading
Gold prices (XAU/USD) decline slightly to around $2,795 in the early Asian session on Monday, pressured by a stronger US Dollar following new tariffs imposed by US President Donald Trump over the weekend.
On Saturday, the US informed Canada that it would impose 25% tariffs on both Canada and Mexico, while China would face a 10% tariff. Additionally, Canadian energy exports will be subjected to a 10% tariff, according to CTV. These measures are set to take effect on Tuesday. In response, Canada, Mexico, and China have pledged to retaliate against the sweeping tariffs on their exports to the US. This has strengthened the US Dollar (USD) broadly, weighing on the USD-denominated Gold price.
Gold fell at the beginning of the week due to pressure from a strong dollar (DXY) and the Trump administration's tariff policy.
/// BUY XAU : zone 2771-2768
SL: 2763
TP: 50 - 150 - 300pips (2798)
Safe and profitable trading
Trade active
Amazing , profit near 400 pips , exactly trend , BUY ZONE 2771-2768 Trade closed: target reached
Nice BUY ; FULL TP BUY 2771-2768 , The increase in price continues to take place
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💠 Trend analysis: XAU, BTC, Currency,...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.