Gold Spot / U.S. Dollar
Long
Updated

XAU Scalping - break trend , Gold rebounds higher

97
XAU / USD trend forecast March 4, 2025, SCALPING

⚠️ Investors remain concerned that US President Donald Trump's trade tariffs could drive up inflation and give the Federal Reserve reason to maintain its hawkish policy stance, leading to some selling pressure on Gold prices on Tuesday.

Trump's tariffs on Mexico and Canada are set to take effect this Tuesday, along with a new 10% tariff on Chinese imports. Additionally, Trump announced that reciprocal tariffs would be implemented on April 2 for countries that impose duties on US goods.

⚠️ short term, gold price breakout. strong recovery and possibility of continuing towards 2910

🚨/// SELL XAU : zone 2910-2913

SL: 2916

TP: 50 - 100 - 150pips (2898)



Safe and profitable trading
Trade active
Strongly recovered 2928 and is down to decrease again

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