Fluctuating below 2650, waiting for ADP-NF this week
XAU / USD trend forecast January 7, 2025
Gold prices remained steady at the start of the week, despite a weakening US Dollar. Rising US Treasury yields continued to weigh on the non-yielding metal, while President-elect Donald Trump dominated headlines with uncertainty surrounding his tariff policies. XAU/USD is trading around $2,638, showing little movement.
The yellow metal struggled to benefit from the US Dollar's downturn. Speculation that Trump's economic agenda could fuel inflation drove US Treasury yields higher, with concerns that a Republican-led Congress might widen the government’s budget deficit.
SIDEWAY price zone is still going on, accumulating and waiting for new trend from ADP-NF this week
/// SELL XAU : zone 2649-2652
SL: 2657
TP: 50 - 150 - 300pips (2622)
Safe and profitable trading
Gold prices remained steady at the start of the week, despite a weakening US Dollar. Rising US Treasury yields continued to weigh on the non-yielding metal, while President-elect Donald Trump dominated headlines with uncertainty surrounding his tariff policies. XAU/USD is trading around $2,638, showing little movement.
The yellow metal struggled to benefit from the US Dollar's downturn. Speculation that Trump's economic agenda could fuel inflation drove US Treasury yields higher, with concerns that a Republican-led Congress might widen the government’s budget deficit.
SIDEWAY price zone is still going on, accumulating and waiting for new trend from ADP-NF this week
/// SELL XAU : zone 2649-2652
SL: 2657
TP: 50 - 150 - 300pips (2622)
Safe and profitable trading
Trade active
Gold price tries to approach plan day price range 2649
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💠 Trend analysis: XAU, BTC, Currency,...
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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.