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!