XAU / USD trend forecast February 14, 2025, Scalping European session
Gold prices (XAU/USD) continue their upward momentum during the early European session on Friday, bolstered by mounting concerns over US President Donald Trump's proposed tariff measures. The renewed uncertainty surrounding trade policies enhances the appeal of the precious metal as a safe-haven asset. Furthermore, a broad-based decline in US bond yields across the curve lends additional support to gold’s ascent.
However, the persistent expectation that the US Federal Reserve (Fed) will maintain its hawkish stance and keep interest rates elevated for an extended period poses a potential headwind for the non-yielding yellow metal. Market participants remain focused on the upcoming release of US Retail Sales data for January, scheduled later in the day, which could influence gold’s trajectory in the near term.
Gold recovered well, returning to the 294x price zone, strong resistance from the sellers will push the price down and continue SIDEWAY
/// BUY XAU : zone 2923-2920 SCALPING
SL: 2917
TP: 50 - 70 - 150pips (2935)
Safe and profitable trading