XAU / USD trend forecast January 22, 2025
Gold surged over 1%, reaching a two-month high of $2,745 on Tuesday as investors turned to the safe-haven metal following US President Donald Trump's comments on tariffs. Initially, the US Dollar (USD) strengthened, but it later reversed its gains, as reflected by the US Dollar Index (DXY), providing additional support for Gold prices. At the time of writing, XAU/USD is trading at $2,742.
Trump’s first day in office boosted risk appetite initially, but this shifted to risk aversion after he hinted at imposing tariffs on Canada and Mexico while signing a series of executive orders. The Canadian Dollar (CAD) and the Mexican Peso (MXN) weakened significantly, pushing the Greenback to a daily high of 108.79 on the DXY.
Gold price breaks 2742, continues to trend higher than 2788, strong bulls
/// BUY XAU : zone 2720-2717
SL: 2712
TP: 50 - 150 - 300pips (2747)
Safe and profitable trading
Gold surged over 1%, reaching a two-month high of $2,745 on Tuesday as investors turned to the safe-haven metal following US President Donald Trump's comments on tariffs. Initially, the US Dollar (USD) strengthened, but it later reversed its gains, as reflected by the US Dollar Index (DXY), providing additional support for Gold prices. At the time of writing, XAU/USD is trading at $2,742.
Trump’s first day in office boosted risk appetite initially, but this shifted to risk aversion after he hinted at imposing tariffs on Canada and Mexico while signing a series of executive orders. The Canadian Dollar (CAD) and the Mexican Peso (MXN) weakened significantly, pushing the Greenback to a daily high of 108.79 on the DXY.
Gold price breaks 2742, continues to trend higher than 2788, strong bulls
/// BUY XAU : zone 2720-2717
SL: 2712
TP: 50 - 150 - 300pips (2747)
Safe and profitable trading
Trade active
Gold increased slightly around the 2757 price range, still in an uptrendTrade closed: target reached
The uptrend continues today with gold. Now touch 2758
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.
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.