XAUUSD Analysis
Global Uncertainty Drives Gold Prices
Gold prices are once again reaching all-time highs, driven by escalating tensions in the Middle East, uncertainty surrounding the U.S. presidential election, and central banks’ monetary easing policies.
Still Above the Uptrend Line
Gold prices continue their uptrend, moving above the uptrend line as seen on the H1 time frame. A buying opportunity may arise if a correction occurs back to this uptrend line area.
Prediction: STRONG XAUUSD
Trade Plan:
BUY AREA : 2714.54 - 2701.86
SL : 2689.85
TP1 : 2726.99
TP2 : 2743.92
TP3 : 2761.28