XAUUSD Analysis
Tariff War Continues to Drive Safe-Haven Demand
Gold prices rose again on Friday following weaker-than-expected US Non-Farm Payrolls (NFP) data and escalating trade tensions between the US and China. These factors have prompted market participants to seek safe-haven assets, boosting demand for gold.
Holding at Support Area
On the H1 time frame, gold prices are currently holding at a strong support area. This level should be closely monitored for buy confirmation signals before entering a trade.
Prediction: STRONG XAUUSD
Trade Plan:
📌 BUY Zone: 2866.51 - 2853.43
📌 Stop Loss (SL): 2830.68
📌 Take Profit (TP) Targets:
- TP1: 2888.36
- TP2: 2917.94
- TP3: 2948.15
👉 Stay cautious of fake breakouts and apply proper risk management!
Happy Trading!