Steady growth at the beginning of the year, target 2688 GOLD
XAU / USD trend forecast January 15, 2025
Gold prices inched higher on Tuesday following U.S. data indicating a slowdown in producer price growth, bolstering market optimism for further monetary easing by the Federal Reserve (Fed). Currently, XAU/USD is trading at $2,675, marking a 0.46% increase.
The precious metal rebounded after starting the week with losses of more than 1%. According to the U.S. Bureau of Labor Statistics (BLS), the Producer Price Index (PPI) rose but fell short of expectations for a stronger reading. This fueled Gold's rally as traders grew hopeful that a softer-than-expected Consumer Price Index (CPI) report on Wednesday might enhance the likelihood of Fed rate cuts later in the year.
Buying volume is still large - gold price is sideways and gradually increases back to 268x and 2700
/// SELL XAU : zone 2687-2690
SL: 2695
TP: 50 - 150 - 300pips (2660)
Safe and profitable trading
Gold prices inched higher on Tuesday following U.S. data indicating a slowdown in producer price growth, bolstering market optimism for further monetary easing by the Federal Reserve (Fed). Currently, XAU/USD is trading at $2,675, marking a 0.46% increase.
The precious metal rebounded after starting the week with losses of more than 1%. According to the U.S. Bureau of Labor Statistics (BLS), the Producer Price Index (PPI) rose but fell short of expectations for a stronger reading. This fueled Gold's rally as traders grew hopeful that a softer-than-expected Consumer Price Index (CPI) report on Wednesday might enhance the likelihood of Fed rate cuts later in the year.
Buying volume is still large - gold price is sideways and gradually increases back to 268x and 2700
/// SELL XAU : zone 2687-2690
SL: 2695
TP: 50 - 150 - 300pips (2660)
Safe and profitable trading
Trade active
+ 35 pips , PLAN DAY SELL XAU ( 2687-2690 ) , exactly trend 
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💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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 "
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.