US Gold Market - sideways waiting for fluctuations
XAU / USD trend forecast January 20, 2025, US trading session
Gold's price (XAU/USD) remains above $2,700, despite dipping to $2,689 during the Asian session, as traders remain focused on the inauguration of President-elect Donald Trump as the 47th President of the United States later today. Market participants are evaluating their bullion positions amid concerns over Trump's proposed policies, such as tariffs and immigration reforms, which could enhance Gold's appeal as a safe-haven asset but may also strengthen the US Dollar (USD). Recent gains in Gold have been driven by rising political and trade-related uncertainties, as well as escalating geopolitical tensions.
The price zone 2700-2710 is becoming an important sideway accumulation zone at the beginning of the week.
/// SELL XAU : zone 2710-2713
SL: 2716
TP: 50 - 100 - 150pips (2698)
Safe and profitable trading
Gold's price (XAU/USD) remains above $2,700, despite dipping to $2,689 during the Asian session, as traders remain focused on the inauguration of President-elect Donald Trump as the 47th President of the United States later today. Market participants are evaluating their bullion positions amid concerns over Trump's proposed policies, such as tariffs and immigration reforms, which could enhance Gold's appeal as a safe-haven asset but may also strengthen the US Dollar (USD). Recent gains in Gold have been driven by rising political and trade-related uncertainties, as well as escalating geopolitical tensions.
The price zone 2700-2710 is becoming an important sideway accumulation zone at the beginning of the week.
/// SELL XAU : zone 2710-2713
SL: 2716
TP: 50 - 100 - 150pips (2698)
Safe and profitable trading
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