Gold short term correction - market liquidity
Updated
XAU / USD trend forecast January 20, 2025
Gold price (XAU/USD) continues to drop, approaching the $2,695 level in early Monday's Asian session. The broader strength of the US Dollar (USD), fueled by anticipation ahead of President-elect Donald Trump’s inauguration, puts pressure on the precious metal.
Market analysts anticipate heightened gold price volatility as Trump’s transition to office nears. Investors will closely monitor any updates on potential trade policies. If Trump makes assertive remarks about implementing trade tariffs to bolster the US manufacturing industry, it could strengthen the Greenback further and negatively impact the price of the USD-denominated commodity.
Gold price drops back to liquidity zone, still in large frame uptrend line
/// BUY XAU : zone 2678-2675
SL: 2670
TP: 50 - 150 - 300pips (2705)
Safe and profitable trading
Gold price (XAU/USD) continues to drop, approaching the $2,695 level in early Monday's Asian session. The broader strength of the US Dollar (USD), fueled by anticipation ahead of President-elect Donald Trump’s inauguration, puts pressure on the precious metal.
Market analysts anticipate heightened gold price volatility as Trump’s transition to office nears. Investors will closely monitor any updates on potential trade policies. If Trump makes assertive remarks about implementing trade tariffs to bolster the US manufacturing industry, it could strengthen the Greenback further and negatively impact the price of the USD-denominated commodity.
Gold price drops back to liquidity zone, still in large frame uptrend line
/// BUY XAU : zone 2678-2675
SL: 2670
TP: 50 - 150 - 300pips (2705)
Safe and profitable trading
Trade active
Gold price recovered around the 2710-2700 price rangeTrade closed: target reached
The gold market is stuck between the price range of 2700-2715, accumulating
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