XAU / USD trend forecast January 13, 2025, SCALPING
This follows the Federal Reserve's (Fed) hawkish pivot in December, diminishing expectations for additional interest rate reductions by the US central bank. As a result, US Treasury bond yields and the US Dollar have climbed higher.
The yield on the benchmark 10-year US Treasury has surged to its highest level since late 2023, while the US Dollar Index, which measures the currency's performance against a basket of six major peers, has risen to a more than two-year high.
Gold sideways, accumulating in the price range of 2680-2690 waiting for the upcoming increase
/// BUY XAU : zone 2678-2675
SL: 2672
TP: 50 - 80 - 150pips (2690)
Safe and profitable trading