XAU / USD trend forecast February 10, 2025, scalping
Gold price (XAU/USD) remains strong in early European trading on Monday, hitting a new record high near $2,896-$2,897. Growing fears over the economic impact of Trump’s tariffs and rising US-China trade tensions drive demand for the safe-haven metal. Additionally, concerns that Trump’s protectionist policies could fuel inflation further support gold as a hedge against rising prices.
FOMO continues to increase, gold rises to nearly 2900 after the Trump administration continues to impose 25% tax on EU steel. Waiting for selling pressure at 2900
/// SELL XAU : zone 2900-2903
SL: 2908
TP: 50 - 100 - 200pips (2883)
Safe and profitable trading