XAU / USD trend forecast January 30, 2025, US session
The London Bullion Market Association has introduced the Gold Bar Integrity Database, a system designed to track the origin of gold and prevent metal sourced from criminal networks or conflict regions from being stored in bank vaults. Additionally, the database aims to keep counterfeit bars, falsely marked with major refinery logos, out of the market, according to Bloomberg.
Meanwhile, the US Gross Domestic Product (GDP) data for the fourth quarter of 2024 is scheduled for release at 13:30 GMT.
Gold returns to the old peak zone 2788 for the 3rd time, the uptrend and FOMO from the market are very large. There will be a new ATH soon.
/// SELL XAU : zone 2799-2802
SL: 2807
TP: 50 - 150 - 300pips (2772)
Safe and profitable trading