XAU continues bullish trend - waiting to return to ATH

10 lut

XAU / USD trend forecast February 10, 2025

Gold prices (XAU/USD) continue their upward momentum, reaching around $2,865 in the early Asian session on Monday. The precious metal gains traction as rising trade tensions drive investors toward safe-haven assets.

On Friday, US President Donald Trump announced his intention to introduce reciprocal tariffs on multiple countries by Tuesday or Wednesday, with immediate implementation. This development supports the yellow metal as investors closely follow trade war-related updates. According to David Meger, director of metals trading at High Ridge Futures, "The primary focus of the gold market remains the uncertainty surrounding Trump’s tariff policies."

Still, the news that the US is preparing to impose taxes on EU countries is causing concerns about a global trade war, gold continues to have a good upward trend.

/// SELL XAU : zone 2885-2887

SL: 2893

TP: 50 - 150 - 300pips (2857)


Safe and profitable trading

10 lut

Zlecenie aktywne

Exactly the trend of increasing - gold created ath too strong at the beginning of the week: 2911

11 lut

Transakcja zamknięta: osiągnięto wyznaczony cel

Continue to wait for the new Ath - Fomo from the market today( more 2900 )