XAU, Scalping Gold sideways, recovering to a higher price range
XAU / USD trend forecast February 24, 2025, SCALPING
⚠️ The increasing consensus that the Federal Reserve (Fed) will maintain elevated interest rates for an extended period due to persistent inflationary pressures serves as a limiting factor for Gold’s upside potential. Additionally, traders appear hesitant to make bold moves, instead adopting a cautious stance ahead of the release of the US Personal Consumption Expenditures (PCE) Price Index— the Fed’s preferred gauge of inflation—scheduled for Friday. This pivotal data is expected to offer further insights into the Fed’s potential rate-cut trajectory, ultimately influencing USD demand and shaping the near-term outlook for the precious metal.
⚠️ The good recovery trend helps gold price sideways around the price range of 2940. Selling pressure awaits at higher price ranges of 2946, 2955.
🚨/// SELL XAU : zone 2945-2948
SL: 2951
TP: 50 - 100 - 150pips (2933)
Safe and profitable trading
⚠️ The increasing consensus that the Federal Reserve (Fed) will maintain elevated interest rates for an extended period due to persistent inflationary pressures serves as a limiting factor for Gold’s upside potential. Additionally, traders appear hesitant to make bold moves, instead adopting a cautious stance ahead of the release of the US Personal Consumption Expenditures (PCE) Price Index— the Fed’s preferred gauge of inflation—scheduled for Friday. This pivotal data is expected to offer further insights into the Fed’s potential rate-cut trajectory, ultimately influencing USD demand and shaping the near-term outlook for the precious metal.
⚠️ The good recovery trend helps gold price sideways around the price range of 2940. Selling pressure awaits at higher price ranges of 2946, 2955.
🚨/// SELL XAU : zone 2945-2948
SL: 2951
TP: 50 - 100 - 150pips (2933)
Safe and profitable trading
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💠 Trend analysis: XAU, BTC, Currency,...
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💠 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.
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.