XAUUSD (Gold) – 2H Time Frame Trade Idea: Potential Sell Zone
Recent developments in the US-China trade talks, including China’s rollback deal, have reduced global risk sentiment. This weakens the demand for Gold as a safe haven asset, potentially encouraging a price pullback. Investor optimism for a quick resolution in trade tensions is shifting capital away from defensive assets like Gold. India-Pakistan border issues Ongoing conflict between Russia and Ukraine.
A Possible Target Point
Support 3200 / 3172
Resistance zone 3225 /3245
Keep click the Button of like and comments for more analysis.
Recent developments in the US-China trade talks, including China’s rollback deal, have reduced global risk sentiment. This weakens the demand for Gold as a safe haven asset, potentially encouraging a price pullback. Investor optimism for a quick resolution in trade tensions is shifting capital away from defensive assets like Gold. India-Pakistan border issues Ongoing conflict between Russia and Ukraine.
A Possible Target Point
Support 3200 / 3172
Resistance zone 3225 /3245
Keep click the Button of like and comments for more analysis.
Trade closed: target reached
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Related publications
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.