Fluctuating below 2650, waiting for ADP-NF this week

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XAU / USD trend forecast January 7, 2025

Gold prices remained steady at the start of the week, despite a weakening US Dollar. Rising US Treasury yields continued to weigh on the non-yielding metal, while President-elect Donald Trump dominated headlines with uncertainty surrounding his tariff policies. XAU/USD is trading around $2,638, showing little movement.

The yellow metal struggled to benefit from the US Dollar's downturn. Speculation that Trump's economic agenda could fuel inflation drove US Treasury yields higher, with concerns that a Republican-led Congress might widen the government’s budget deficit.

SIDEWAY price zone is still going on, accumulating and waiting for new trend from ADP-NF this week

/// SELL XAU : zone 2649-2652

SL: 2657

TP: 50 - 150 - 300pips (2622)


Safe and profitable trading

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تم فتح الصفقة

Gold price tries to approach plan day price range 2649