A key support line, which has consistently triggered reversals in gold since March 2024, is once again within reach. With gold prices currently hovering near this critical level, a rebound is likely.
Market Analysis:
- Geopolitical tensions and trade war fears are supporting gold prices.
- Hawkish Fed outlook is capping gains.
Trading Strategy:
Signal: BUY GOLD (XAU/USD)
Buy Zone: $2600-$2615
Stop Loss: $2590
TP1: $2635
TP2: $2655
TP3: $2675
TP4: $2700
Market Analysis:
- Geopolitical tensions and trade war fears are supporting gold prices.
- Hawkish Fed outlook is capping gains.
Trading Strategy:
Signal: BUY GOLD (XAU/USD)
Buy Zone: $2600-$2615
Stop Loss: $2590
TP1: $2635
TP2: $2655
TP3: $2675
TP4: $2700
Trade closed: target reached
Take Profit 2 Done.
Running profit 450+ Pips.
It may reverse down here for waterfall close your buy trades at this point.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.