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Home » » XAUUSD Still Targeting BUY: UP TRENDLINE Remains VALID on H1 Time Frame!

XAUUSD Still Targeting BUY: UP TRENDLINE Remains VALID on H1 Time Frame!

 


XAUUSD Analysis

Gold Remains in a Strengthening Trend

Gold prices continue to strengthen as demand for safe-haven assets outweighs the USD's gains, even amidst lowered expectations of a rate cut by the Federal Reserve next month.

Up Trendline Still Intact

The price is generally trading above the uptrend line, as observed on the H1 timeframe. A correction has occurred around the trendline area, offering potential Buy opportunities as long as the price structure remains in an uptrend.

Prediction : STRONG XAUUSD

Trade Plan

  • Buy Area: 2679.23 - 2663.45
  • Stop Loss (SL): 2646.58
  • Take Profit (TP):
    • TP1: 2695.34
    • TP2: 2720.05
    • TP3: 2746.24

Stay disciplined with your strategy and maintain effective risk management! 

Happy trading!

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