XAUUSD Analysis
Market Watching Trump's Upcoming Policies
Gold rose to a two-week high recently, driven by increased safe-haven demand. Meanwhile, the market continues to monitor projections of Federal Reserve interest rates and upcoming tariff policies from President-elect Donald Trump.
Monitor Support Areas
The price has broken above the resistance area observed on the H1 timeframe. The intraday bias has shifted to bullish, and a confirmation for a buy signal can be sought if a pullback occurs to the support area visible on the H1 timeframe.
Prediction: STRONG XAUUSD
Trade Plan:
- BUY AREA: 2652.76 - 2645.75
- Stop Loss (SL): 2633.46
- Take Profit (TP):
- TP1: 2663.39
- TP2: 2678.53
- TP3: 2694.38
Stay alert for any fundamental factors that may influence the market and maintain proper risk management in all your trades.
Good luck and happy trading!