XAUUSD Analysis
Market Awaits Trump Tariff Details
Gold prices edged higher on Monday as the U.S. dollar weakened. Market participants are closely watching for further details on President Donald Trump's tariff plans, which could potentially escalate the ongoing U.S.-led global trade war.
Back to the Bullish Trendline Area
On the H1 timeframe, Gold has returned to the bullish trendline area. A buy confirmation signal can be identified within this trendline zone.
Prediction: STRONG XAUUSD
Trade Plan:
- BUY AREA: 2884.28 – 2875.21
- Stop Loss (SL): 2860.87
- Take Profit Targets:
- TP1: 2897.56
- TP2: 2917.12
- TP3: 2937.83
Stay cautious and apply proper risk management to ensure a balanced trading strategy.
🚀 Happy Trading!