Gold price adjusted below 2900, waiting for new growth force
XAU / USD trend forecast February 12, 2025
⚠️ Gold prices retreated slightly during the North American session on Tuesday, slipping by a modest 0.18% after soaring to an unprecedented peak of $2,942 earlier in the day. Escalating trade tensions, fueled by US President Donald Trump’s imposition of fresh tariffs, propelled the precious metal to record highs before witnessing a pullback. At the time of writing, XAU/USD hovers around the $2,900 mark.
The broader market sentiment remains largely unchanged following Trump’s decision to levy 25% tariffs on steel and aluminum imports into the US. Initially, gold prices surged as investors sought refuge in the safe-haven asset, but a wave of profit-taking ensued ahead of Federal Reserve (Fed) Chair Jerome Powell’s testimony before the US Senate.
⚠️ Gold price adjusted down below 2900, still in an uptrend but buying power is weakening, waiting for sideways and further decline
🚨/// BUY XAU : zone 2890-2888 scalping
SL: 2884
TP: 50 - 70 - 100pips (2898)
🚨/// BUY XAU : zone 2856-2853
SL: 2848
TP: 50 - 150 - 300pips (2883)
Safe and profitable trading
⚠️ Gold prices retreated slightly during the North American session on Tuesday, slipping by a modest 0.18% after soaring to an unprecedented peak of $2,942 earlier in the day. Escalating trade tensions, fueled by US President Donald Trump’s imposition of fresh tariffs, propelled the precious metal to record highs before witnessing a pullback. At the time of writing, XAU/USD hovers around the $2,900 mark.
The broader market sentiment remains largely unchanged following Trump’s decision to levy 25% tariffs on steel and aluminum imports into the US. Initially, gold prices surged as investors sought refuge in the safe-haven asset, but a wave of profit-taking ensued ahead of Federal Reserve (Fed) Chair Jerome Powell’s testimony before the US Senate.
⚠️ Gold price adjusted down below 2900, still in an uptrend but buying power is weakening, waiting for sideways and further decline
🚨/// BUY XAU : zone 2890-2888 scalping
SL: 2884
TP: 50 - 70 - 100pips (2898)
🚨/// BUY XAU : zone 2856-2853
SL: 2848
TP: 50 - 150 - 300pips (2883)
Safe and profitable trading
Trade active
Exactly the tendency to reduce adjustment, price 2864 and increase again
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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.