FOMC and the opportunity to break ATH today ! XAU

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XAU / USD trend forecast January 29, 2025

Gold prices rebounded from fresh four-day lows and climbed higher on Tuesday as US equities recovered from Monday’s downturn, while the precious metal benefited from increased safe-haven demand. Uncertainty surrounding US President Donald Trump’s trade policies kept investors cautious, driving them toward gold. As a result, XAU/USD traded around $2,763, gaining 0.88% at the time of writing.

Meanwhile, newly confirmed US Treasury Secretary Scott Bessent, appointed by Trump, expressed support for implementing universal import tariffs starting at 2.5%, with the potential for gradual increases. However, Trump emphasized his preference for significantly higher tariffs, stating that companies unwilling to pay duties should manufacture their products in the United States.

Gold prices recovered strongly on Monday, breaking the short-term downtrend and continuing to rise in the long-term. FOMC today will also know the FED's move.

/// SELL XAU : zone 2787-2790

SL: 2795

TP: 50 - 150 - 300pips (2760)


Safe and profitable trading

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Zlecenie aktywne

Wait for gold price to move when the US session begins - the price is adjusting below 2760