XAU Scalping - 17 Jan - Gold price decreased to 2702
Updated
XAU / USD trend forecast January 17, 2025, SCALPING
Gold prices (XAU/USD) trade slightly lower on Friday, appearing to break a three-day upward trend that brought them to a one-month high near $2,724-2,725 reached on Thursday. The decline is attributed to renewed buying interest in the US Dollar (USD), which diminishes the appeal of the metal. Additionally, an overall positive sentiment in the equity markets, coupled with reduced concerns over US President-elect Donald Trump's trade tariff policies and the ceasefire agreement between Israel and Hamas, contributes to the pressure on the safe-haven asset.
Gold is sideways around 2710 in the European session. For the upward force to be maintained and break 2724, a reduction in liquidity to 2702 is necessary.
/// BUY XAU : zone 2704-2701
SL: 2698
TP: 50 - 80 - 150pips (2716 )
Safe and profitable trading
Gold prices (XAU/USD) trade slightly lower on Friday, appearing to break a three-day upward trend that brought them to a one-month high near $2,724-2,725 reached on Thursday. The decline is attributed to renewed buying interest in the US Dollar (USD), which diminishes the appeal of the metal. Additionally, an overall positive sentiment in the equity markets, coupled with reduced concerns over US President-elect Donald Trump's trade tariff policies and the ceasefire agreement between Israel and Hamas, contributes to the pressure on the safe-haven asset.
Gold is sideways around 2710 in the European session. For the upward force to be maintained and break 2724, a reduction in liquidity to 2702 is necessary.
/// BUY XAU : zone 2704-2701
SL: 2698
TP: 50 - 80 - 150pips (2716 )
Safe and profitable trading
Trade active
+ 90 pips , great signal BUY : ( 2704-2701 ) , amazing profitTrade closed: target reached
+ 150 pips , crazy signal BUY 2704-2701 , amazing set up XAU 
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