XAU / USD trend forecast January 2, 2024
Investors are closely observing signs of an economic recovery in China that could drive demand for Gold, fueled by President Xi Jinping's commitment to prioritizing growth. During his New Year's speech on Tuesday, Xi announced plans for more proactive policies to stimulate the economy in 2025, as reported by Reuters.
Although China's manufacturing sector showed only modest expansion in December, the services and construction industries have started to rebound. The data suggests that policy measures are beginning to yield results in certain areas, even as China braces for potential trade challenges arising from tariffs proposed by US President-elect Donald Trump.
Bulls are still dominating, good buying power, waiting for price to increase to reach liquidity zone 2650
/// BUY XAU : zone 2627-2624 scalping
SL: 2621
TP: 50 - 100 - 150pips (2639)
Safe and profitable trading
Investors are closely observing signs of an economic recovery in China that could drive demand for Gold, fueled by President Xi Jinping's commitment to prioritizing growth. During his New Year's speech on Tuesday, Xi announced plans for more proactive policies to stimulate the economy in 2025, as reported by Reuters.
Although China's manufacturing sector showed only modest expansion in December, the services and construction industries have started to rebound. The data suggests that policy measures are beginning to yield results in certain areas, even as China braces for potential trade challenges arising from tariffs proposed by US President-elect Donald Trump.
Bulls are still dominating, good buying power, waiting for price to increase to reach liquidity zone 2650
/// BUY XAU : zone 2627-2624 scalping
SL: 2621
TP: 50 - 100 - 150pips (2639)
Safe and profitable trading
Trade active
The uptrend is correct, the price touches the 2650 markTrade closed: target reached
Gold prices recovered and increased as expected. Touching 2660
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💠 Trend analysis: XAU, BTC, Currency,...
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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.