break 2700 - waiting for the next gold price increase

Jan 16

XAU / USD trend forecast January 16, 2025, SCALPING

Earlier this week, Bloomberg revealed that economic advisers to incoming US President Donald Trump are exploring a plan to incrementally raise tariffs on a monthly basis. Additionally, softer-than-anticipated US inflation data has reignited hopes that the Federal Reserve may continue its policy easing cycle, providing support for Gold prices.

Gold price breaks out of 2700 price zone in European session, continues to increase, waiting for next resistance 2720

/// BUY XAU : zone 2699-2696

SL: 2693

TP: 50 - 80 - 150pips (2711)


Safe and profitable trading

Jan 16

Trade active

Woww, big profit signal BUY , retest zone 2700-2699 and up .

Jan 16

Trade closed: target reached

+ 150 pips , FULL TP ( signal BUY 2699-2696 ). Nice chart .