Continue sideways around $3000, waiting for FOMC

9 Nis

XAU / USD trend forecast APRIL 9, 2025

⚠️ Gold prices halt a three-day losing streak but remain subdued just below the $3,000 level, as rising US Treasury yields reduce the appeal of the non-interest-bearing asset. Despite optimism surrounding potential trade agreements, ongoing tensions in the US-China trade conflict continue to unsettle investors. At the time of writing, XAU/USD is hovering around $2,980 per troy ounce, showing little change on the day.

Market sentiment turned sour as Wall Street suffered significant losses. Monday's brief recovery proved short-lived, with bearish momentum returning and the Volatility Index (VIX) climbing once more, reflecting persistent uncertainty among market participants regarding the economic outlook.

⚠️Gold price is sideways and accumulating around the 3000 price range, the market is waiting for the FED's move and opinion in today's FOMC meeting. The trading range is quite large at 2960 - 3055.

🚨/// SELL XAU : zone 3032-3035

SL: 3040

TP: 50 - 100 - 300pips ( 3005 )


🚨/// BUY XAU : zone 2957 - 2960

SL: 2952

TP: 50 - 200 - 400pips ( 2997 )

Safe and profitable trading

9 Nis

İşlem aktif

60 Pips Profit Signal 3032-3035. After that gold price continued to grow