XAU / USD trend forecast January 10, 2025
On Wednesday, CNN reported that United States (US) President-elect Donald Trump is contemplating the possibility of declaring a national economic emergency. Such a move would grant him the legal authority to impose tariffs on both adversaries and US allies. Meanwhile, during the overnight session on Thursday, long-term UK Gilt yields surged past 5%, marking their highest level since 1998.
Simultaneously, Federal Reserve (Fed) officials have been making headlines while US financial markets remained closed in observance of former US President Jimmy Carter’s National Day of Mourning.
The bullish trend is continuing, it all depends on today's NF news for the trend in Q1/2025. Expect price to surpass 2700
/// SELL XAU : zone 2690-2693
SL: 2698
TP: 50 - 150 - 300pips (2663)
Safe and profitable trading