XAUUSD Analysis
Gold Steady Amid Geopolitical Tensions
Gold prices remain steady following news of a ceasefire agreement between Israel and Hezbollah. The market is also closely monitoring the ongoing Russia-Ukraine conflict and discussions around import tariffs proposed by newly elected U.S. President Donald Trump.
Uptrend Line Breaks
On the H1 time frame, the uptrend line has been breached, signaling a bearish intraday bias for today. Selling opportunities can be sought if the price pulls back to the previously broken uptrend line.
Prediction: WEAK XAUUSD
Trading Plan
- SELL Area: 2650.84 - 2667.61
- Stop Loss (SL): 2693.95
- Take Profit Targets (TP):
- TP1: 2627.94
- TP2: 2592.97
- TP3: 2557.04
Use proper risk management with a minimum risk-reward ratio of 1:1.
Stay updated with geopolitical and economic developments that may influence Gold prices.
Happy trading, and trade wisely!