XAU / USD trend forecast February 5, 2025
Gold hit an all-time high of $2,845 late Tuesday during the North American session as the US Dollar weakened, pressured by declining US Treasury bond yields. Escalating trade tensions between the United States and China fueled demand for the precious metal as a safe-haven asset. At the time of writing, XAU/USD is trading at $2,843, gaining over 1%.
Geopolitical factors continue to drive gold prices. While US President Donald Trump postponed tariffs on Mexico and Canada, a 10% tariff on Chinese imports took effect, prompting retaliatory measures from China.
Gold price increase is extremely strong, big FOMO helps gold price reach new ATH this week
/// SELL XAU : zone 2878-2881
SL: 2886
TP: 50 - 150 - 300pips (2851)
Safe and profitable trading