XAU - scalping 2 Jan - Bulls prevail

2 janv.

XAU / USD trend forecast January 2, 2024

Investors are closely observing signs of an economic recovery in China that could drive demand for Gold, fueled by President Xi Jinping's commitment to prioritizing growth. During his New Year's speech on Tuesday, Xi announced plans for more proactive policies to stimulate the economy in 2025, as reported by Reuters.

Although China's manufacturing sector showed only modest expansion in December, the services and construction industries have started to rebound. The data suggests that policy measures are beginning to yield results in certain areas, even as China braces for potential trade challenges arising from tariffs proposed by US President-elect Donald Trump.

Bulls are still dominating, good buying power, waiting for price to increase to reach liquidity zone 2650

/// BUY XAU : zone 2627-2624 scalping

SL: 2621

TP: 50 - 100 - 150pips (2639)

Safe and profitable trading

2 janv.

Transaction en cours

The uptrend is correct, the price touches the 2650 mark

2 janv.

Trade fermée: cible de profit atteinte

Gold prices recovered and increased as expected. Touching 2660