XAU Scalping - 7 Feb - sideway below 2880 waiting for NF news

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XAU / USD trend forecast February 7, 2025, SCALPING

Gold price (XAU/USD) gives up a significant portion of its intraday gains as the European session approaches on Friday, though it continues to hover near the record high reached earlier in the week. The US Dollar (USD) edges higher as traders adjust their positions ahead of the highly anticipated US Nonfarm Payrolls (NFP) report. This modest USD rebound is a key factor limiting further upside for the precious metal.

Gold price recovered in Asian session, currently sideways below 2880 waiting for NF news

/// SELL XAU : zone 2874-2877 Scalping

SL: 2880

TP: 50 - 80 - 150pips (2862 )


Safe and profitable trading

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تم فتح الصفقة

Continue to prepare for the new week - Gold price accumulated over 2830