XAU / USD trend forecast January 15, 2025, SCALPING
Gold price (XAU/USD) faces renewed selling pressure during the Asian session on Wednesday, paring some of the modest recovery gains from its one-week low recorded the previous day. The easing concerns over disruptive trade tariffs by US President-elect Donald Trump, combined with softer-than-expected US inflation data released on Tuesday, continue to support a risk-on sentiment. This shift in market mood weighs on the appeal of the safe-haven precious metal.
Short time frame - price continues to increase, forming DOW, waiting for higher price increase zones
/// BUY XAU : zone 2675-2677
SL: 2671
TP: 50 - 80 - 150pips (2690)
Safe and profitable trading