XAU / USD trend forecast January 24, 2025
Gold prices remain steady after dipping to a daily low of $2,735, supported by elevated US Treasury bond yields. Economic data from the United States (US) highlighted a cooling labor market, while investors continued analyzing US President Trump's trade policy statements. At the time of writing, XAU/USD is trading at $2,755, holding near its previous levels.
Despite Thursday's pullback, gold prices are poised to end the week with strong gains.
Data from the US Department of Labor indicated an increase in jobless claims for the week ending January 18, suggesting potential softening in the labor market. However, the report noted that the rise was influenced by weather-related disruptions and the Los Angeles fire, factors likely to be accounted for in forthcoming data
Gold price recovers quickly - approaching historical high of 2788. Reaction zone decreases
/// SELL XAU : zone 2788-2791
SL: 2796
TP: 50 - 150 - 300pips (2761)
Safe and profitable trading
Gold prices remain steady after dipping to a daily low of $2,735, supported by elevated US Treasury bond yields. Economic data from the United States (US) highlighted a cooling labor market, while investors continued analyzing US President Trump's trade policy statements. At the time of writing, XAU/USD is trading at $2,755, holding near its previous levels.
Despite Thursday's pullback, gold prices are poised to end the week with strong gains.
Data from the US Department of Labor indicated an increase in jobless claims for the week ending January 18, suggesting potential softening in the labor market. However, the report noted that the rise was influenced by weather-related disruptions and the Los Angeles fire, factors likely to be accounted for in forthcoming data
Gold price recovers quickly - approaching historical high of 2788. Reaction zone decreases
/// SELL XAU : zone 2788-2791
SL: 2796
TP: 50 - 150 - 300pips (2761)
Safe and profitable trading
Trade active
Gold price sideway around 2775, waiting for PMI data in the US trading sessionTrade closed: target reached
Gold price according to the trend of increasing 2786 - ATH resistance. Then strong adjustment
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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.