XAU / USD trend forecast March 6, 2025
⚠️Gold prices hold steady on Wednesday amid speculation that US President Donald Trump may scale back some tariffs, particularly those on automobiles tied to the USMCA free trade agreement. However, uncertainty persists, with XAU/USD trading at $2,919, showing little change.
Throughout the North American session, bullion prices fluctuated around the $2,910 level as market developments unfolded. Meanwhile, the Federal Reserve (Fed) released the Beige Book ahead of its upcoming monetary policy meeting, noting that while overall economic activity has increased, prices remain elevated due to Trump’s trade policies.
⚠️ after 2894 liquidity completion, gold price moves in bullish main trend and tariff momentum is present. forming DOW H1 theory very good for higher growth momentum
🚨/// SELL XAU : zone 2939-2942
SL: 2947
TP: 50 - 150 - 300pips (2912)
🚨/// BUY XAU : zone 2893-2896
SL: 2888
TP: 50 - 150 - 300pips (2923)
Safe and profitable trading