Potential Buy Opportunity on XAUUSD: Still Holding Above the Up Trendline! ~ 90% Rebate Exness Everyday

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Potential Buy Opportunity on XAUUSD: Still Holding Above the Up Trendline!

XAUUSD Analysis

Geopolitical Tensions Boost Safe-Haven Demand

Gold prices gained around 1% yesterday as Middle Eastern geopolitical tensions remain high. Russian President Vladimir Putin mentioned at the recent BRICS summit that the Middle East is currently on the brink of a full-scale war.

Still Moving Along the Up Trendline

On the H1 timeframe, gold continues to move along the uptrend line, offering buy opportunities around this trendline area.

Forecast: STRONG BULLISH on XAUUSD

Trade Plan

Buy Zone: 2730.21 - 2718.30
Stop Loss (SL): 2705.09
Take Profit (TP) Targets:
- TP1: 2742.62
- TP2: 2760.29
- TP3: 2778.37

Use appropriate risk management and adjust your trade size accordingly.

Happy trading!

Algeria ● Angola ● Antigua and Barbuda ● Argentina ● Armenia ● Aruba ● Azerbaijan ● Bahrain ● Bangladesh ● Belize ● Benin ● Bhutan ● Bolivia ● Botswana ● Brazil ● Brunei ● Burkina Faso ● Burundi ● Cambodia ● Cameroon ● Cape Verde ● Chad ● Chile ● China ● Colombia ● Comoros ● Costa Rica ● Djibouti ● Dominica ● Dominican Republic ● East Timor ● Ecuador ● Egypt ● El Salvador ● Equatorial Guinea ● Eritrea ● Ethiopia ● Gabon ● Gambia ● Georgia ● Ghana ● Grenada ● Guatemala ● Guernsey ● Guinea ● GuineaBissau ● Guyana ● Honduras ● Hong Kong ● India ● Indonesia ● Isle of Man ● Jamaica ● Japan ● Jersey ● Jordan ● Kazakhstan ● Kenya ● Kuwait ● Kyrgyzstan ● Laos ● Lebanon ● Lesotho ● Liberia ● Libya ● Macau ● Madagascar ● Malawi ● Maldives ● Mauritania ● Mexico ● Moldova ● Mongolia ● Montenegro ● Montserrat ● Morocco ● Mozambique ● Namibia ● Nauru ● Nepal ● Niger ● Nigeria ● Oman ● Pakistan ● Panama ● Papua New Guinea ● Paraguay ● Peru ● Philippines ● Qatar ● Republic of the Congo ● Rwanda ● Saint Kitts and Nevis ● Saint Lucia ● Sao Tome and Principe ● Saudi Arabia ● Senegal ● Serbia ● Sierra Leone ● Solomon Islands ● South Africa ● Sri Lanka ● Suriname ● Swaziland ● Taiwan ● Tajikistan ● Tanzania ● Thailand ● Togo ● Tonga ● Trinidad and Tobago ● Tunisia ● Turkey ● Turkmenistan ● Uganda ● United Arab Emirates ● Uzbekistan ● Venezuela ● Vietnam ● Zambia ● Zimbabwe