XAUUSD Analysis
Tariff War Triggers Safe-Haven Demand
Gold prices have once again hit record highs, driven by increased demand for safe-haven assets after China imposed import tariffs on the U.S. in retaliation for tariffs enacted by President Donald Trump.
Monitor the Support Area
The price remains in an uptrend. Keep an eye on the support area visible on the H1 timeframe to confirm buy signals.
Prediction: STRONG XAUUSD
Trade Plan:
- BUY AREA: 2838.40 - 2825.47
- STOP LOSS (SL): 2803.08
- TAKE PROFIT TARGETS:
- TP1: 2859.93
- TP2: 2890.00
- TP3: 2919.88
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