Gold Spot / U.S. Dollar
Short
Updated

XAU - Scalping, down by 2 H1 trend lines

120
XAU / USD trend forecast APRIL 29, 2025 scalping

⚠️Gold prices (XAU/USD) remain under significant selling pressure during the early European session but continue to hover above the $3,300 level amid a backdrop of mixed fundamentals. Indications of reduced trade tensions between the US and China are prompting investors to shift away from safe-haven assets, thereby weakening demand for gold. Additionally, a slight uptick in the US Dollar (USD) adds to the downward pressure on the metal.

Nevertheless, lingering uncertainty surrounding US President Donald Trump’s trade strategies, along with ongoing geopolitical risks, tempers overall market optimism. Moreover, growing expectations of more aggressive monetary easing by the Federal Reserve (Fed) could weigh on the USD and offer some support to the yield-less gold. Traders now await the release of US JOLTS Job Openings data for further direction.

⚠️ Gold prices continued to maintain a sideways price range during the European trading session, around 3300 - 3330.

🚨/// SELL XAU : zone 3325-3328 scalping

SL: 3331

TP: 50 - 100 - 200pips ( 3308 )



Safe and profitable trading
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Great sell , gold price down 3297 . Exactly trend

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