XAU SCALPING - 28 Jan - European session sideways above 2730

XAU / USD trend forecast January 28, 2025, SCALPING

Gold prices (XAU/USD) face selling pressure after climbing toward the $2,745 level during the Asian session, declining for a second consecutive day on Tuesday amid renewed demand for the US Dollar (USD). US President Donald Trump’s renewed tariff threats have reignited inflation concerns, prompting a modest recovery in US Treasury bond yields. As a result, the USD has rebounded sharply from Monday's lowest level since December 18, weighing on the performance of the USD-backed gold market.

Gold price temporarily sideways around 2730 in Asian and European sessions, moving within the short-term downtrend line

/// BUY XAU : zone 2732-2729

SL: 2726

TP: 50 - 80 - 150pips (2744 )

Safe and profitable trading

Trade active

Gold price touched 2734.5 and reacted to increase back to the sideway price zone, signal PLAN DAY BUY 2732 has not been touched

Trade closed: target reached

Plan Signal Buy 2729-2732 lacks a bit. Price touch 2735 and increase to 2750

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