XAUUSD Analysis
Gold Continues to Strengthen
Gold continues to strengthen, approaching its all-time high as U.S. bond yields weaken and expectations grow for interest rate cuts by major central banks worldwide. Additionally, the ongoing geopolitical conflict in the Middle East further supports gold's upward momentum.
Still Moving Above the Uptrend Line
Gold remains in an uptrend and continues to move above the uptrend line, as seen on the H1 time frame. A buying opportunity can be considered if a correction occurs back to the uptrend line area.
Prediction: STRONG XAUUSD
Trade Plan:
BUY AREA : 2667.85 - 2660.35
Stop Loss (SL) : 2650.81
Take Profit (TP1) : 2678.84
Take Profit (TP2) : 2691.48
Take Profit (TP3) : 2704.98