Oro / DollaroLong
Gold corrects to continue rallying above $2700
Aggiornato
XAU / USD trend forecast January 14, 2025
Gold prices retreat during the North American session as investors turn to the US Dollar for safety, driven by a rise in US Treasury yields to their highest level since November 2023. At the time of writing, XAU/USD is trading at $2,657, down 1.20%, after failing to break above the $2,700 mark.
With a light economic calendar on Monday, market participants focus on analyzing the recent US Nonfarm Payrolls report for December. The data showed the economy performed better than anticipated, with job growth of 256K, surpassing expectations of 160K and November’s revised figure of 212K. Meanwhile, attention now shifts to the upcoming US inflation data release.
Gold adjusted down around 2670 in the short term, cleared liquidity and continued to increase.
/// SELL XAU : zone 2706-2709
SL: 2714
TP: 50 - 150 - 300pips (2679)
Safe and profitable trading
Gold prices retreat during the North American session as investors turn to the US Dollar for safety, driven by a rise in US Treasury yields to their highest level since November 2023. At the time of writing, XAU/USD is trading at $2,657, down 1.20%, after failing to break above the $2,700 mark.
With a light economic calendar on Monday, market participants focus on analyzing the recent US Nonfarm Payrolls report for December. The data showed the economy performed better than anticipated, with job growth of 256K, surpassing expectations of 160K and November’s revised figure of 212K. Meanwhile, attention now shifts to the upcoming US inflation data release.
Gold adjusted down around 2670 in the short term, cleared liquidity and continued to increase.
/// SELL XAU : zone 2706-2709
SL: 2714
TP: 50 - 150 - 300pips (2679)
Safe and profitable trading
Trade attivo
Gold is correcting down around the 2665 area. As shown in PLAN DAY. Wait for PPI newsTrade chiuso: obiettivo raggiunto
Gold price accumulates at 2660-2670, waiting for more fluctuations during the week
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