Gold Spot / U.S. Dollar
Long
Updated

XAU Scalping - Gold prices headed for new rally

143
XAU / USD trend forecast March 6, 2025, SCALPING

⚠️ Gold price (XAU/USD) remains directionless during the Asian session, continuing its sideways consolidation for the second consecutive day on Thursday. Ongoing concerns over US President Donald Trump's tariff policies provide support for the safe-haven metal. Additionally, the weakening sentiment around the US Dollar (USD) and increasing expectations of an earlier-than-anticipated interest rate cut by the Federal Reserve (Fed) further bolster the appeal of the non-yielding gold.

⚠️ Gold price continues to move in the H1 uptrend line, short-term accumulation in the price range of 2894 - 2920

🚨/// SELL XAU : zone 2952-2954 SCALPING

SL: 2958

TP: 50 - 100 - 150pips (2939)



Safe and profitable trading
Trade active
Gold price is under the pressure of selling when the market is alert about the massage of US tariffs
Trade closed: target reached
The decision to stop tariffs with Mexico cars caused gold price to decrease around 2900

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