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XAUUSD Still Looking for BUY: Held Again at Support Area

 


XAUUSD Analysis

Gold Corrected Due to Profit-Taking

Gold prices experienced a correction due to profit-taking after reaching an all-time high. However, optimism for a price rebound remains strong amid concerns over a global trade war, triggered by new import tariffs imposed by U.S. President Donald Trump.

Held at Support Area

Despite the correction, gold prices remained supported at key levels. Keep monitoring the H1 time frame support area for buy signal confirmation.

Forecast: STRONG XAUUSD

Trade Plan:

📌 BUY Area: 2888.52 - 2876.81
📌 Stop Loss (SL): 2853.52
📌 Take Profit (TP):

  • TP1: 2912.73
  • TP2: 2940.98
  • TP3: 2971.10
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