Gold price adjusted below 2900, waiting for new growth force

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XAU / USD trend forecast February 12, 2025

⚠️ Gold prices retreated slightly during the North American session on Tuesday, slipping by a modest 0.18% after soaring to an unprecedented peak of $2,942 earlier in the day. Escalating trade tensions, fueled by US President Donald Trump’s imposition of fresh tariffs, propelled the precious metal to record highs before witnessing a pullback. At the time of writing, XAU/USD hovers around the $2,900 mark.

The broader market sentiment remains largely unchanged following Trump’s decision to levy 25% tariffs on steel and aluminum imports into the US. Initially, gold prices surged as investors sought refuge in the safe-haven asset, but a wave of profit-taking ensued ahead of Federal Reserve (Fed) Chair Jerome Powell’s testimony before the US Senate.

⚠️ Gold price adjusted down below 2900, still in an uptrend but buying power is weakening, waiting for sideways and further decline

🚨/// BUY XAU : zone 2890-2888 scalping

SL: 2884

TP: 50 - 70 - 100pips (2898)


🚨/// BUY XAU : zone 2856-2853

SL: 2848

TP: 50 - 150 - 300pips (2883)


Safe and profitable trading

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تم فتح الصفقة

Exactly the tendency to reduce adjustment, price 2864 and increase again