Gold Spot / U.S. Dollar
Long
Updated

Strong growth - continue the opportunity to reach new ATH, gold

381
XAU / USD trend forecast February 5, 2025

Gold hit an all-time high of $2,845 late Tuesday during the North American session as the US Dollar weakened, pressured by declining US Treasury bond yields. Escalating trade tensions between the United States and China fueled demand for the precious metal as a safe-haven asset. At the time of writing, XAU/USD is trading at $2,843, gaining over 1%.

Geopolitical factors continue to drive gold prices. While US President Donald Trump postponed tariffs on Mexico and Canada, a 10% tariff on Chinese imports took effect, prompting retaliatory measures from China.

Gold price increase is extremely strong, big FOMO helps gold price reach new ATH this week

/// SELL XAU : zone 2878-2881

SL: 2886

TP: 50 - 150 - 300pips (2851)



Safe and profitable trading
Trade active
Great trend of increasing - creating ATH touch 2877. Lack of Plan Day Sell 2878-2881
Trade closed: target reached
Has 160 pips , entry SELL 2878-2881 , BIG PROFIT and nice trend

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.