Gold in recovery trend - Up ahead of ADP-NF
Updated
XAU / USD trend forecast January 8, 2025
Gold prices edged higher late Tuesday during the North American session but pulled back from their intraday peaks, driven by robust US economic data and remarks from US President-elect Donald Trump’s press conference. XAU/USD is trading at $2,648, up 0.50%.
In the US, data highlighted a solid labor market, with a notable increase in job openings boosting investor confidence. Additionally, a sharp recovery in services sector activity dampened expectations for further monetary easing by the Federal Reserve (Fed).
Uptrend ahead of ADP-NF news in control of buyers, waiting for bigger recovery
/// BUY XAU : zone 2636-2633
SL: 2628
TP: 50 - 150 - 300pips (2663)
Safe and profitable trading
Gold prices edged higher late Tuesday during the North American session but pulled back from their intraday peaks, driven by robust US economic data and remarks from US President-elect Donald Trump’s press conference. XAU/USD is trading at $2,648, up 0.50%.
In the US, data highlighted a solid labor market, with a notable increase in job openings boosting investor confidence. Additionally, a sharp recovery in services sector activity dampened expectations for further monetary easing by the Federal Reserve (Fed).
Uptrend ahead of ADP-NF news in control of buyers, waiting for bigger recovery
/// BUY XAU : zone 2636-2633
SL: 2628
TP: 50 - 150 - 300pips (2663)
Safe and profitable trading
Trade active
Gold price is only SIDEWAY around 2650, waiting for the US session to fluctuate
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