XAU scalping - Support zone attention 2908
XAU / USD trend forecast February 19, 2025, SCALPING
⚠️ The price of gold (XAU/USD) recovers from an intraday decline to the $2,924 region, climbing towards the upper boundary of its daily range and inching closer to its all-time high as the European session approaches on Wednesday. Investor concerns persist over the potential ramifications of US President Donald Trump's proposed tariffs, fueling fears of a global trade war and reinforcing demand for the safe-haven metal. Furthermore, prevailing market expectations that the Federal Reserve (Fed) will implement further interest rate cuts continue to weigh on the US Dollar (USD), providing additional support for the non-yielding precious metal.
⚠️ If gold price rejects buying pressure at ATH 294x, pay attention to support zone 2908 when price corrects
🚨/// BUY XAU : zone 2909-2906
SL: 2903
TP: 50 - 80 - 150pips (2921)
Safe and profitable trading
⚠️ The price of gold (XAU/USD) recovers from an intraday decline to the $2,924 region, climbing towards the upper boundary of its daily range and inching closer to its all-time high as the European session approaches on Wednesday. Investor concerns persist over the potential ramifications of US President Donald Trump's proposed tariffs, fueling fears of a global trade war and reinforcing demand for the safe-haven metal. Furthermore, prevailing market expectations that the Federal Reserve (Fed) will implement further interest rate cuts continue to weigh on the US Dollar (USD), providing additional support for the non-yielding precious metal.
⚠️ If gold price rejects buying pressure at ATH 294x, pay attention to support zone 2908 when price corrects
🚨/// BUY XAU : zone 2909-2906
SL: 2903
TP: 50 - 80 - 150pips (2921)
Safe and profitable trading
Trade active
Gold created a new ATH 2946 and Sideway around 2930-2940
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💠 Trend analysis: XAU, BTC, Currency,...
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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.