XAUUSD Analysis
🔹 Gold Hits Record High
Gold prices surged to an all-time high on Thursday, driven by increased safe-haven demand amid uncertainty over U.S. import tariffs. Meanwhile, investors are closely watching key inflation reports for clues on the Federal Reserve's next monetary policy moves.
🔹 Uptrend Continues
The head and shoulders pattern seen on the H1 timeframe for XAUUSD failed to reach its target. Keep an eye on the uptrend line, as it could still be used to confirm a potential buy signal.
🔹 Forecast: STRONG XAUUSD
Trade Plan
📍 BUY AREA: 2771.07 - 2760.87
📍 STOP LOSS (SL): 2741.53
📍 TAKE PROFIT (TP):
✅ TP1: 2790.16
✅ TP2: 2812.59
✅ TP3: 2835.61
Stay cautious and manage risk wisely. Happy trading!