XAU / USD trend forecast January 29, 2025, SCALPING
Additionally, worries surrounding US President Donald Trump's tariff policies could help prevent further declines in Gold prices, especially given the subdued movement in the US Dollar (USD). Investors may also choose to remain cautious and avoid making bold trades ahead of a crucial central bank event—the conclusion of the two-day FOMC monetary policy meeting. The Federal Reserve’s interest rate outlook will be a significant factor in shaping short-term USD price trends and determining the next directional movement for the precious metal.
Gold slightly adjusted in Asian session to continue increasing in price, market optimism
/// BUY XAU : zone 2757-2754
SL: 2751
TP: 50 - 80 - 150pips (2769 )
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