XAU/USD - Bearish Flag Pattern (25.04.2025)

The XAU/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Bearish Flag Pattern. This suggests a shift in momentum towards the downside in the coming hours.

Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.

Target Levels:
1st Support – 3232
2nd Support – 3188

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Trade active

Order Placed

Note

Note

Fundamental Updates : (25.04.2025)
1. US-China tensions" , the value of the U.S. dollar is expected to increase.This is because there are signs that the trade conflict between the U.S. and China might be getting better, as China has allowed some U.S. goods to be exempt from tariffs.

Note

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Fundamental Update :
Gold price on Monday as the trade tensions between the U.S. and China provided some relief to investors, while a stronger dollar further weighed on prices. Spot gold , U.S. gold futures fell and U.S. dollar (DXY) Rise.
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On Friday, China announced the removal of certain U.S. imports from its high tariffs, indicating a potential de-escalation in the trade conflict between the nations. However, China promptly dismissed U.S. President Donald Trump's claim that discussions were in progress.
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Among various metals, spot silver XAGUSD1!
declined by 0.6% to reach $32.87 per ounce, while platinum PL1! slipped by 0.1% to $970.80, and palladium XPDUSD1! dropped 0.6% to $942.71.
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6 days ago

Trade closed: target reached

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