XAU / USD trend forecast January 17, 2025
Gold prices climbed past the $2,700 level on Thursday as the US Dollar pared back some of its earlier advances. Recent data from the United States indicated a resilient economy, highlighted by strong consumer spending figures and robust employment data. Meanwhile, US bond yields declined amid growing expectations of additional easing measures from the Federal Reserve. Currently, XAU/USD is trading at $2,715, marking a 0.72% increase.
Gold price still maintains an upward trend, however, buying power is weakening and needs to be adjusted to balance the market, large liquidity 2732-2734
/// SELL XAU : zone 2732-2735
SL: 2740
TP: 50 - 150 - 300pips (2705)
Safe and profitable trading