XAU / USD trend forecast January 31, 2025
Gold prices surged to a new all-time high of $2,798 on Thursday after US economic data signaled a slowdown, reinforcing expectations that the Federal Reserve may need to cut interest rates, despite keeping them unchanged in Wednesday’s meeting. As of now, XAU/USD is trading at $2,794, up 1.31%.
The precious metal broke past the $2,770 resistance level after being range-bound for the past three days. Meanwhile, US Treasury yields declined as investors reacted to the final reading of Q4 2024 Gross Domestic Product (GDP), which showed expansion but at a slower pace than anticipated.
strong buying pressure, buying pressure continues to maintain, big FOMO will be above $2800
/// SELL XAU : zone 2818-2821
SL: 2826
TP: 50 - 150 - 300pips (2791)
Safe and profitable trading
Gold prices surged to a new all-time high of $2,798 on Thursday after US economic data signaled a slowdown, reinforcing expectations that the Federal Reserve may need to cut interest rates, despite keeping them unchanged in Wednesday’s meeting. As of now, XAU/USD is trading at $2,794, up 1.31%.
The precious metal broke past the $2,770 resistance level after being range-bound for the past three days. Meanwhile, US Treasury yields declined as investors reacted to the final reading of Q4 2024 Gross Domestic Product (GDP), which showed expansion but at a slower pace than anticipated.
strong buying pressure, buying pressure continues to maintain, big FOMO will be above $2800
/// SELL XAU : zone 2818-2821
SL: 2826
TP: 50 - 150 - 300pips (2791)
Safe and profitable trading
Trade active
Woww , + 220 pips crazy ( signal SELL ZONE 2818-2821 ) , nice SELL 
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💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
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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.