Waiting for gold to reach new ATH next week

XAU / USD trend forecast ( January 27 - January 31 , 2025)

Trump's aggressive rhetoric extends beyond addressing the trade deficit. At the World Economic Forum (WEF), he announced his intention to push for lower interest rates.

Following his comments, the US Dollar weakened and continues to face downward pressure, as indicated by the US Dollar Index (DXY), which measures the Greenback against a basket of six major currencies. The index declined by 0.62%, settling at 107.44.

The US Dollar is on track to conclude the week with a 1.77% loss during President Donald Trump’s first week in office.

Looking ahead, the upcoming US economic calendar includes the release of Durable Goods Orders, the Federal Reserve’s (Fed) interest rate decision, Gross Domestic Product (GDP) data, and the Fed’s favored inflation measure, the Core Personal Consumption Expenditures (PCE) Price Index.

The long-term framework shows that the buyers are still strong, the opportunity for gold prices to break ATH 2789 is very high, the economic context is positive when President Trump's policy is supporting safe assets.

/// SELL XAU : zone 2835-2838

SL: 2843

TP: 100 - 200 - 500pips (2688)


Safe and profitable trading