XAU / USD trend forecast February 12, 2025, Scalping European session
Gold price (XAU/USD) faces renewed selling pressure for the second consecutive session on Wednesday, retreating toward the $2,885 mark with a daily decline of approximately 0.45%. The precious metal remains weighed down by the US Dollar’s resurgence, spurred by Federal Reserve (Fed) Chair Jerome Powell’s hawkish remarks on Tuesday, which reinforced expectations of a cautious approach to rate cuts.
Furthermore, a prevailing risk-on sentiment in the broader financial markets adds to gold’s headwinds, diminishing its safe-haven appeal. The metal's slight overextension in overbought territory on the daily chart further contributes to the corrective pullback, as investors take a more cautious stance amid shifting market dynamics.
Gold price breaks 2890 in Asian session, breaks M30 trendline, recovers in European session, sets BUY signal
/// BUY XAU : zone 2891-2888 scalping
SL: 2885
TP: 50 - 70 - 150pips (2903)
Safe and profitable trading
Gold price (XAU/USD) faces renewed selling pressure for the second consecutive session on Wednesday, retreating toward the $2,885 mark with a daily decline of approximately 0.45%. The precious metal remains weighed down by the US Dollar’s resurgence, spurred by Federal Reserve (Fed) Chair Jerome Powell’s hawkish remarks on Tuesday, which reinforced expectations of a cautious approach to rate cuts.
Furthermore, a prevailing risk-on sentiment in the broader financial markets adds to gold’s headwinds, diminishing its safe-haven appeal. The metal's slight overextension in overbought territory on the daily chart further contributes to the corrective pullback, as investors take a more cautious stance amid shifting market dynamics.
Gold price breaks 2890 in Asian session, breaks M30 trendline, recovers in European session, sets BUY signal
/// BUY XAU : zone 2891-2888 scalping
SL: 2885
TP: 50 - 70 - 150pips (2903)
Safe and profitable trading
Trade active
Signal has 50 pips profit, then decreased to 2880
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💠 FREE SIGNAL
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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.