ATH XAU - 2900 Gold price FOMO continues to increase

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XAU / USD trend forecast February 6, 2025

Gold prices are poised to extend their rally, climbing over 0.90% on Wednesday, driven by a weaker US Dollar and declining US Treasury bond yields. The intensifying trade tensions between China and the US continue to push investors toward Gold's safe-haven appeal, with XAU/USD hovering near $2,870 as bulls set their sights on the $2,900 level.

US President Donald Trump's policies and rhetoric remain a key factor fueling demand for the precious metal, which is trading in uncharted territory. Traders are closely watching the $2,900 threshold. Meanwhile, economic data indicated that the labor market remains strong, as January’s ADP Employment Change report showed private sector hiring exceeded expectations.

The strong bullish momentum is still going on, showing no signs of stopping, new ATH is expected at 2900

/// SELL XAU : zone 2897-2900

SL: 2905

TP: 50 - 150 - 300pips (2870)


Safe and profitable trading

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تم فتح الصفقة

Gold price recovered again on the 2860 region, still on the trend of increasing

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أغلقت الصفقة: تم الوصول للهدف

Gold price adjusted to decrease before the news of NF tomorrow, still maintaining the trend of increasing