Bullish momentum is fading - 2732 and correction
XAU / USD trend forecast January 17, 2025
Gold prices climbed past the $2,700 level on Thursday as the US Dollar pared back some of its earlier advances. Recent data from the United States indicated a resilient economy, highlighted by strong consumer spending figures and robust employment data. Meanwhile, US bond yields declined amid growing expectations of additional easing measures from the Federal Reserve. Currently, XAU/USD is trading at $2,715, marking a 0.72% increase.
Gold price still maintains an upward trend, however, buying power is weakening and needs to be adjusted to balance the market, large liquidity 2732-2734
/// SELL XAU : zone 2732-2735
SL: 2740
TP: 50 - 150 - 300pips (2705)
Safe and profitable trading
Gold prices climbed past the $2,700 level on Thursday as the US Dollar pared back some of its earlier advances. Recent data from the United States indicated a resilient economy, highlighted by strong consumer spending figures and robust employment data. Meanwhile, US bond yields declined amid growing expectations of additional easing measures from the Federal Reserve. Currently, XAU/USD is trading at $2,715, marking a 0.72% increase.
Gold price still maintains an upward trend, however, buying power is weakening and needs to be adjusted to balance the market, large liquidity 2732-2734
/// SELL XAU : zone 2732-2735
SL: 2740
TP: 50 - 150 - 300pips (2705)
Safe and profitable trading
Trade active
Gold price adjusted around the 2705 price range and sidewayTrade closed: target reached
Gold recovers above 2710 after successful 2702 liquidity sweep
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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.