XAUUSD Analysis
Tariff War Continues to Fuel Safe-Haven Demand
Gold prices continue to set new record highs as market participants seek safe-haven assets amid growing concerns over the US-China trade war and its potential impact on global economic growth.
Monitor the Support Area
The price remains in an uptrend. Keep an eye on the support area visible on the H1 timeframe to confirm a buy signal.
Prediction: STRONG XAUUSD
Trade Plan:
- BUY AREA: 2866.51 - 2853.43
- SL: 2830.68
- TP1: 2888.36
- TP2: 2917.94
- TP3: 2948.15