XAUUSD Analysis
Tariff War Continues to Drive Safe-Haven Demand
Gold prices continue to hit record highs as market participants flock to safe-haven assets amid growing concerns over the US-China trade war and its potential impact on global economic growth.
Bullish Flag Pattern Visible
A bullish flag pattern is forming on the H1 timeframe. Watch the upper line of this pattern for confirmation of 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