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Home » » XAUUSD Continues to Seek BUY: VALID UP TRENDLINE Observed on M30!

XAUUSD Continues to Seek BUY: VALID UP TRENDLINE Observed on M30!

 


XAUUSD Analysis

Geopolitical Tensions and Fed Boost Gold

Gold prices have reached their highest level in two weeks, driven by rising geopolitical tensions and expectations of a third interest rate cut this year by the Fed in the coming week.

Valid Up Trendline

A valid uptrend line is visible on the M30 timeframe. Monitor this trendline area closely for confirmation of a buy signal in case of a correction toward that level.

Forecast: STRONG XAUUSD

Trade Plan:

  • BUY AREA: 2687.60 - 2676.60
  • Stop Loss (SL): 2659.67
  • Take Profit (TP):
    • TP1: 2705.20
    • TP2: 2727.20
    • TP3: 2749.71
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