Bullish momentum is fading - 2732 and correction
XAU / USD trend forecast January 17, 2025
Gold prices climbed past the $2,700 level on Thursday as the US Dollar pared back some of its earlier advances. Recent data from the United States indicated a resilient economy, highlighted by strong consumer spending figures and robust employment data. Meanwhile, US bond yields declined amid growing expectations of additional easing measures from the Federal Reserve. Currently, XAU/USD is trading at $2,715, marking a 0.72% increase.
Gold price still maintains an upward trend, however, buying power is weakening and needs to be adjusted to balance the market, large liquidity 2732-2734
/// SELL XAU : zone 2732-2735
SL: 2740
TP: 50 - 150 - 300pips (2705)
Safe and profitable trading
Gold prices climbed past the $2,700 level on Thursday as the US Dollar pared back some of its earlier advances. Recent data from the United States indicated a resilient economy, highlighted by strong consumer spending figures and robust employment data. Meanwhile, US bond yields declined amid growing expectations of additional easing measures from the Federal Reserve. Currently, XAU/USD is trading at $2,715, marking a 0.72% increase.
Gold price still maintains an upward trend, however, buying power is weakening and needs to be adjusted to balance the market, large liquidity 2732-2734
/// SELL XAU : zone 2732-2735
SL: 2740
TP: 50 - 150 - 300pips (2705)
Safe and profitable trading
Trade attivo
Gold price adjusted around the 2705 price range and sidewayTrade chiuso: obiettivo raggiunto
Gold recovers above 2710 after successful 2702 liquidity sweep
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💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.