XAU / USD trend forecast January 10, 2025, SCALPING
Gold price (XAU/USD) maintains its upward momentum for the fourth straight session, reaching a new four-month high near the $2,680 mark during early European trading on Friday. Ongoing geopolitical strains from the prolonged Russia-Ukraine conflict, escalating tensions in the Middle East, trade war concerns, and a cautious market sentiment keep bolstering safe-haven demand for the precious metal.
Gold is still in an uptrend - psychological resistance zone with high liquidity at 2700, waiting for price to reach and correct
/// SELL XAU : zone 2699-2702
SL: 2705
TP: 50 - 80 - 150pips (2687)
Safe and profitable trading