XAUUSD Analysis
Tariff War Boosts Gold Prices
Gold prices rose on Tuesday due to concerns about global economic growth amid uncertainty surrounding U.S. President Donald Trump's tariff plans. The ongoing tariff war has driven investors to shift their funds into precious metals.
Potential Ascending Triangle
There is a possibility of an ascending triangle pattern forming on the H1 timeframe. A buy opportunity can be considered if this pattern is confirmed.
Prediction: STRONG XAUUSD
Trade Plan:
- BUY AREA: 2938.39 - 2947.60
- SL: 2914.92
- TP1: 2968.99
- TP2: 2997.50
- TP3: 3025.67