NF - Can gold price reach ATH 2900? 7 Feb

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XAU / USD trend forecast February 7, 2025

Gold's upward momentum paused on Thursday as US Treasury bond yields rebounded and the US Dollar held onto slight gains. Investors appeared to be securing profits ahead of the upcoming US Nonfarm Payrolls report, which has the potential to introduce volatility into the financial markets. XAU/USD traded at $2,852, marking a 0.38% decline.

In the absence of a clear catalyst, market sentiment turned negative as US equity indices edged lower. Nevertheless, the non-yielding precious metal continued to pare back some of its weekly gains, weighed down by escalating tensions in the ongoing trade war between the US and China.

Bullish price is recovering in Asian session, still expecting to reach new ATH 2900 soon

/// SELL XAU : zone 2900-2903

SL: 2908

TP: 50 - 150 - 300pips (2873)


Safe and profitable trading

7 févr.

Transaction en cours

Gold price recovered before NF, transactions in the area 2860-2870

7 févr.

Trade fermée: cible de profit atteinte

Price created ATH 2886 and plummeted. Need to wait for more time to reach 2900