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Home » » XAUUSD Still Has BUY Potential: Correction Near Up Trendline

XAUUSD Still Has BUY Potential: Correction Near Up Trendline

 


XAUUSD Analysis 

Correction After Reaching All-Time High

A correction occurred after gold once again reached its all-time high yesterday, driven by the rising U.S. government bond yields. However, uncertainty remains surrounding the U.S. presidential election and the ongoing war in the Middle East.

Correction Near the Up Trendline

Gold prices continue their uptrend and are moving above the uptrend line, as seen on the H1 time frame. The correction is approaching this uptrend line area.

Prediction: STRONG XAUUSD

Trade Plan:

BUY AREA

:

2714.54 - 2701.86

SL

:

2689.85

TP1

:

2726.99

TP2

:

2743.92

TP3

:

2761.28

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