Look for BUY Opportunities on XAUUSD: Moving Above the Up Trendline on H1 Time Frame ~ 90% Rebate Exness Everyday

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Look for BUY Opportunities on XAUUSD: Moving Above the Up Trendline on H1 Time Frame

XAUUSD Analysis

Uncertainty Around Trump’s Policies Boosts Gold

Gold prices have resumed their upward movement despite a strengthening US dollar following the release of improved US non-farm payrolls data. The market remains uncertain about the economic policies Donald Trump will implement once he officially takes office as President of the United States.

Holding Above the Up Trendline on H1 Time Frame

On the H1 time frame, the price is still moving above the visible up trendline. A confirmation for a Buy signal can still be sought in the area near this trendline.

Prediction: STRONG XAUUSD

Trade Plan

BUY AREA: 2687.06 - 2679.67
STOP LOSS (SL): 2663.13
TAKE PROFIT (TP):
- TP1: 2704.12
- TP2: 2723.89
- TP3: 2745.27

Maintain proper risk management, and monitor the market closely for any updates that could impact the price of gold. Good luck and happy trading!