XAU Scalping - Gold price accumulates, waiting for SELLtrendline

XAU / USD trend forecast February 3, 2025, SCALPING

US Treasury Secretary Scott Bessent, who advocated for new universal tariffs on US imports starting at 2.5% and gradually increasing, acknowledged that tariffs contribute to inflation and will further strengthen the US Dollar.

Meanwhile, Trump's push for lower interest rates, combined with the likelihood of additional policy easing by the Federal Reserve, keeps US Treasury bond yields subdued, which may help prevent significant declines in gold prices.

Additionally, concerns that Trump's new tariffs could negatively affect the global economy dampen investor appetite for riskier assets, encouraging caution before making bearish bets on the safe-haven XAU/USD.

Gold price adjusted down, selling pressure from Trump's tariff policy, moving along 2 trendlines H1

/// SELL XAU : zone 2792-2795

SL: 2798

TP: 50 - 80 - 150pips (2780 )


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