The XAU/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade: Entry: Consider Entering A Long Position around Trendline Of The Pattern.
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Trade active
Take entry now
Note
In Good Profit
Trade closed: target reached
1st Target Reached
Note
2nd Target Reached
Note
Gold prices are rising because people are worried about new U.S. tariffs on imports from Mexico and Canada. When there are economic uncertainties, investors often buy gold as a safe investment. The possibility of lower inflation could also lead to lower interest rates, which makes gold more attractive.
Note
The White House announced new tariffs on imports from Mexico, Canada, and China. These are taxes on goods coming into the U.S. The tariffs are 25% on goods from Canada and Mexico, 10% on energy products from Canada, and 10% on goods from China.
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