Gold Spot / U.S. Dollar
Short
Updated

Gold price recovers 3065, tariffs take effect

271
XAU / USD trend forecast APRIL 9, 2025 Scalping

⚠️Gold price (XAU/USD) rises toward the $3,050 mark in early European trading on Thursday, supported by persistent concerns that a full-blown global trade war could tip the world economy into recession, thereby increasing demand for safe-haven assets. Additionally, growing speculation that the Federal Reserve (Fed) may be compelled to restart its rate-cutting cycle due to a tariff-induced economic slowdown in the U.S. further boosts interest in the non-interest-bearing precious metal.

⚠️The tariff officially took effect, causing the gold price to recover positively. However, concerns about economic recession still remain. The gold price will soon fall again and wait for FOMC information.

🚨/// SELL XAU : zone 3063-3066

SL: 3069

TP: 50 - 100 - 300pips ( 3036 )



Safe and profitable trading
Trade active
+ 100 pips , signal SELL 3063-3066. Then the price continued to increase
Trade closed: target reached
Gold price continues to recover strongly over 3090 due to the drastic tariffs

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