XAU Scalping - 9 Jan - wait for break, uptrend entry 2675
Updated
XAU / USD trend forecast January 9, 2024
Gold prices (XAU/USD) find fresh buying interest after dipping to the $2,655 level earlier in the session. However, the recovery lacks momentum and remains limited below a four-week high during the first half of Thursday’s European session. The US Dollar (USD) maintains its strength near a two-year peak, supported by the Federal Reserve's (Fed) indication that it will decelerate the pace of interest rate reductions in 2025. This ongoing strength in the Greenback restricts gains for the non-yielding precious metal. Nonetheless, several factors provide support for gold and keep the outlook for a continuation of its nearly three-week uptrend intact.
Gold price is sideways, accumulating above 2660 and has an upward trend.
/// SELL XAU : zone 2674-2677 scalping
SL: 2680
TP: 50 - 100 - 150pips (2662)
Safe and profitable trading
Gold prices (XAU/USD) find fresh buying interest after dipping to the $2,655 level earlier in the session. However, the recovery lacks momentum and remains limited below a four-week high during the first half of Thursday’s European session. The US Dollar (USD) maintains its strength near a two-year peak, supported by the Federal Reserve's (Fed) indication that it will decelerate the pace of interest rate reductions in 2025. This ongoing strength in the Greenback restricts gains for the non-yielding precious metal. Nonetheless, several factors provide support for gold and keep the outlook for a continuation of its nearly three-week uptrend intact.
Gold price is sideways, accumulating above 2660 and has an upward trend.
/// SELL XAU : zone 2674-2677 scalping
SL: 2680
TP: 50 - 100 - 150pips (2662)
Safe and profitable trading
Trade active
Gold price almost touched 2674, then adjusted down: 50 pips. Nice reaction area for SELL entryTrade closed: target reached
+ 100 pips , amazing signal SELL 2674-2677, nice 
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