XAUUSD Analysis
Trade War Drives Gold Prices Up
Gold prices rose again after U.S. President Donald Trump announced plans to impose reciprocal tariffs on countries that tax U.S. imports. This series of import tariff retaliations has further heightened concerns about a global trade war.
Testing the All-Time High Area
Keep an eye on the resistance area formed from the all-time high price. If a breakout above this area occurs, there is potential for another strong rally.
Prediction: STRONG XAUUSD
Trade Plan:
|
BUY AREA |
STOP LOSS (SL) |
TAKE PROFIT (TP1) |
TAKE PROFIT (TP2) |
TAKE PROFIT (TP3) |
|
2935.77
- 2954.05 |
2902.75 |
2983.06 |
3026.22 |
3069.61 |
Monitor price movements carefully in the psychological resistance area. If a breakout occurs, the potential for a continued uptrend remains strong.
Happy Trading! 🚀📈