Steady growth at the beginning of the year, target 2688 GOLD

١٥ يناير

XAU / USD trend forecast January 15, 2025

Gold prices inched higher on Tuesday following U.S. data indicating a slowdown in producer price growth, bolstering market optimism for further monetary easing by the Federal Reserve (Fed). Currently, XAU/USD is trading at $2,675, marking a 0.46% increase.

The precious metal rebounded after starting the week with losses of more than 1%. According to the U.S. Bureau of Labor Statistics (BLS), the Producer Price Index (PPI) rose but fell short of expectations for a stronger reading. This fueled Gold's rally as traders grew hopeful that a softer-than-expected Consumer Price Index (CPI) report on Wednesday might enhance the likelihood of Fed rate cuts later in the year.

Buying volume is still large - gold price is sideways and gradually increases back to 268x and 2700

/// SELL XAU : zone 2687-2690

SL: 2695

TP: 50 - 150 - 300pips (2660)


Safe and profitable trading

١٥ يناير

تم فتح الصفقة

+ 35 pips , PLAN DAY SELL XAU ( 2687-2690 ) , exactly trend