XAUUSD Analysis
Prediction: WEAK XAUUSD
Trade Plan:
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SELL AREA: 3015.60 - 3030.05
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Stop Loss (SL): 3060.79
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Take Profit (TP):
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TP1: 2991.17
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TP2: 2953.15
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TP3: 2913.72
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SELL AREA: 3015.60 - 3030.05
Stop Loss (SL): 3060.79
Take Profit (TP):
TP1: 2991.17
TP2: 2953.15
TP3: 2913.72
Gold prices dropped more than 1% on Friday due to USD strength and profit-taking, despite ongoing geopolitical and economic uncertainty.
The bullish trendline seen on the H1 timeframe has been broken, shifting the intraday bias to bearish. Monitor key resistance levels for sell signal confirmation.
SELL Area: 3015.60 - 3030.05
Stop Loss (SL): 3060.79
Take Profit (TP) Targets:
TP1: 2991.17
TP2: 2953.15
TP3: 2913.72
Gold has once again reached a record high above $3,000 as the market continues to seek safe-haven assets amid renewed conflict in the Middle East. Additionally, U.S. President Donald Trump persists with his tariff plans, further fueling market uncertainty.
The intraday bias remains bullish following another all-time high breakout. Keep an eye on the support area for potential buy signal confirmations.
Keep monitoring price action and apply proper risk management! 🚀
Gold prices have once again reached a new all-time high. The market remains focused on the ongoing trade war involving the United States and several other countries. Additionally, traders are awaiting the Federal Reserve’s interest rate announcement scheduled for midweek.
The intraday bias remains bullish following the breakout of the previous all-time high. Traders should monitor the support area to look for buy signal confirmations.
📌 Stay disciplined with your trading plan and risk management! 🚀💰
Gold prices have surged above $3,000 per troy ounce as import tariffs imposed by President Donald Trump on key U.S. trading partners have triggered uncertainty in financial markets. Additionally, central banks have been purchasing gold as a safe-haven asset, seeking protection from rising geopolitical risks.
The price correction has stalled at the support area, as seen on the H1 time frame. A buy signal confirmation can be sought within this support zone.
Stay cautious and apply proper risk management while trading. 🚀
XAUUSD Analysis
Gold prices dropped more than 1% on Friday, while the USD remained near a two-week high after U.S. inflation data aligned with expectations. This suggests that the Federal Reserve may take a more cautious approach before cutting interest rates again.
A pullback is occurring near the resistance area on the H1 timeframe, which can still be used to look for sell signal confirmations.