XAU / USD trend forecast January 21, 2025
Gold prices rose modestly on Monday in light trading conditions following Donald Trump's inauguration as the 47th President of the United States (US). The US Dollar softened during his speech, as he refrained from emphasizing aggressive tariff policies that might fuel inflation and hinder the Federal Reserve's (Fed) ability to ease monetary policy. As of now, XAU/USD is trading at $2,709, reflecting a 0.27% increase.
Gold price increased back to the large resistance price zone of 2725, selling pressure continues here. Waiting for the next downward adjustment
/// SELL XAU : zone 2726-2729
SL: 2734
TP: 50 - 150 - 300pips (2699)
Safe and profitable trading