Gold Spot / U.S. Dollar
Long
Updated

XAU Scalping - breakout 3129, Gold continues to grow

164
XAU / USD trend forecast April 2, 2025 scalping

⚠️Gold price (XAU/USD) maintains a positive tone through the first half of the European session on Wednesday, staying near the record high reached the previous day. Concerns over US President Donald Trump’s aggressive trade policies and their potential repercussions on the global economy continue to weigh on market sentiment. Additionally, ongoing geopolitical tensions serve as key drivers supporting the safe-haven appeal of gold.

Moreover, growing expectations that the Federal Reserve (Fed) will resume interest rate cuts soon—due to an economic slowdown driven by tariffs—provide further support to the non-yielding metal. A weaker US Dollar (USD) also contributes to gold’s modest intraday gains. However, XAU/USD bulls appear hesitant to take large positions ahead of Trump’s anticipated reciprocal tariffs announcement.

⚠️Strong increase, gold price breaks sideway trendline 3130. Growth and heading towards 3149

🚨/// BUY XAU : zone 3130 - 3127 Scalping

SL: 3124

TP: 50 - 100 - 150pips (3142)



Safe and profitable trading
Trade active
Gold price waiting for tariff information, accumulating around the 3120 price zone
Trade closed: target reached
The resistance zone 3135 is holding very firmly, accumulating below 3135

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