Continued recovery - Gold price increases well

Jan 9

XAU / USD trend forecast January 9, 2025

Gold prices rose during the North American session after the Federal Reserve (Fed) released December meeting minutes that conveyed a neutral to slightly hawkish stance, signaling it “would be appropriate to slow the pace of easing.” At present, XAU/USD is trading at $2,659, a 0.34% increase.

In the December meeting, Fed officials agreed to lower interest rates by 25 basis points. However, some members noted the potential merit of holding rates steady, citing concerns about the risk of persistently high inflation. Following the release of the minutes, XAU/USD briefly climbed to $2,658 before slightly retreating.

Buying power is still there - the uptrend is still continuing, price maintains trading above the EMA lines. Target 2680, 2700

/// SELL XAU : zone 2678-2681

SL: 2686

TP: 50 - 150 - 300pips (2651)


Safe and profitable trading

Jan 9

Trade active

Great signal , great set up. SIGNAL SELL 2678-2681: + 85 pips profit