Gold price decreased to trendline H2,maintaining an uptrend

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XAU / USD trend forecast February 3, 2025

Gold prices (XAU/USD) decline slightly to around $2,795 in the early Asian session on Monday, pressured by a stronger US Dollar following new tariffs imposed by US President Donald Trump over the weekend.

On Saturday, the US informed Canada that it would impose 25% tariffs on both Canada and Mexico, while China would face a 10% tariff. Additionally, Canadian energy exports will be subjected to a 10% tariff, according to CTV. These measures are set to take effect on Tuesday. In response, Canada, Mexico, and China have pledged to retaliate against the sweeping tariffs on their exports to the US. This has strengthened the US Dollar (USD) broadly, weighing on the USD-denominated Gold price.

Gold fell at the beginning of the week due to pressure from a strong dollar (DXY) and the Trump administration's tariff policy.

/// BUY XAU : zone 2771-2768

SL: 2763

TP: 50 - 150 - 300pips (2798)


Safe and profitable trading

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Transaction en cours

Amazing , profit near 400 pips , exactly trend , BUY ZONE 2771-2768

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Trade fermée: cible de profit atteinte

Nice BUY ; FULL TP BUY 2771-2768 , The increase in price continues to take place