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Still Monitoring for BUY Opportunities on XAUUSD: Rally Above a Valid Uptrend Line!

 

XAUUSD Analysis

Uncertainty in Trump’s Policies Boosts Gold Prices
The lack of clarity surrounding Trump’s policies has driven market participants to flock to safe-haven assets like gold to protect their wealth from unpredictable volatility.

Continued Rally Above the Uptrend Line

The price continues to rally above the uptrend line, clearly visible on the H1 timeframe. A confirmation for a buy signal can be sought if the price retraces to the trendline area.

Prediction: STRONG XAUUSD

Trade Plan

  • Buy Area: 2768.12 – 2757.12
  • Stop Loss (SL): 2732.93
  • Take Profit (TP):
    • TP1: 2790.08
    • TP2: 2820.55
    • TP3: 2850.31

Ensure proper risk management and adhere to your trading plan. Happy trading!

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